I was looking at Sears this winter around 2 cents, it was a simple chart request from someone, and that lead to me following it. I was noticing the .01-.03 range and found this intriguing, even though this might not be the most fundamental play. Then I tried to buy it around .02 but Fidelity wouldn't let me. I'm now seeing how that accumulation range really...
Looking at the pattern again with fresh eyes it looks like price might be coiling up for an explosion to the upside. Sears could be showing repeating fractals where price explodes out of the apex. This would be a very bullish sign for maybe the next 1 to 6 months.
Looking at Sears it appears price is moving in a channel. Seeing some nice green wick candles indicates to me that buyers are stepping in.
Could see another drop towards the bottom of the channel, otherwise it could be a good high probability setup to wait for impulse above the channel, then correction (bull flag), and then continuation above the price for bullish setup.
Sear's ( SHLDQ) 30 Minute Chart
show's a clear Continuation Triangle Breakout
to the Upside in 2/13/19 trading.
When a stock in a parabolic move up
breaks out to the upside in this manner,
it simply reveals that buyer's are completely in control of the stock,
and a potential new up leg is probably beginning in the stock.
Technical Analysis 101 tells you in no...
The extraordinary parabolic move up in Sear's (SHLDQ)
has continued unabated in 2/13/19 trading
with the stock up yet another 30 + % today alone,....now trading above 2.50 a share !
There are simply no meaningful pullbacks to buy into here.
I have chosen to begin accumulating Sear's again at 2.50 a share this morning, using that level as a GTC Stop.
$2.50 is...
Sear's Holding ( SHLDQ ) has hit 1.80 in early trading on 2/12/19.
it's is up another 33 % today,
making the return in the stock in last 4 days since I recommended
the stock on tradingview at over 150 % !
I think the stock has it's sights set on $5.00
which would get the stock re-listed for trading on Nasdaq,
which would be hugely significant for the long term...
One thing is known. SHLDQ Chairman Eddie Lampert and his Hedge Fund ESL held commons, and therefore voting rights. Owning 70%+/- is more than huge, no one could take over the company without their say so. To say that commons will not survive is somewhat ludicrous. Why would Lampert cut his own throat? Commons have voting rights and thus, he controls the company’s...
Look at this 15 minute chart....
The chart is of Sear's Holding's, for just the last 3 trading days.
I purchased SHLDQ on 2/7/19 at .60 on a dollar
prior to the new's that the bankruptcy judge had ruled in favor
of keeping 450 Sear's and K-Mart stores OPEN, rather than liquidating
as some creditors had wished.
Today the stock has doubled in price since my...
A Federal Bankruptcy judge granted CEO Eddie Lambert's
5.5 Billion Dollar bid in bankruptcy court to keep 450
select Sears ( SHLDQ ) and K=Mart locations OPEN, saving the jobs of 55,000 workers in the United States.
I must admit to being thrilled by the news, as I still, o this day shop at both Sears and K Mart.
Technically, the stock play is rife speculation,...
I have taken a large position on Sears going into the Sale hearing on Feb 1st after a revised bid was submitted today for $5 Bil, giving it a valuation almost 100x the current Market Cap. I do believe the stock should more than likely do at the very least 3x the current PPS and at the very most 9x the current PPS going into the Sale Hearing.
Here's some info I...
