Went short on this friday at 60 can still see more downside to 58-57 may revisit blue uptrend line
SYY tested its uptrend support line from July of this year. The next suport is at $53.34. What started as a blastoff higher ended a day later with a Fast Ball XRV setup lower. We will look for short sale opportunities at intraday support and resistance. NYSE:SYY
Clear long bias with demand being created and supply being eliminated
$SYY - Sysco Oversold Descending Wedge Expect to approach $60 in near term, continuing in long term uptrend channel
Long trade if break 53.2 resistance next days. Getting out at 54.3 for a 2% profit
short with 17 feb 55 Put entry: 2.40 target: 4
1Harami +nice strong Green soldier 2.Momentum warming up 3.No Broken uptrend 4.Regression oversold 5.Hold from week ....
At top of rising channel into earnings Monday before the market opens. Options traders are selling November puts for premium at bottom of channel
an upward trend. Good support and low volatility is significantly lower the risk.
Despite the fall, the trend remained positive.
The figure of triangle realized. On the second attempt , after back test, will be realize head and shoulders.
After expanding the Back-To-School Basket this weekend I will be on the front lines of four names. $SYY $JJSF $GILD $SPLS - as you see I am avoiding the retailers all together after hearing the $JWN call speak so poorly of its Junior line sales and then hearing from Hillary that the Federation of I believe Department Stores was forecasting a seven percent...