HAS gapped up on strong earnings news. The gap is a breakaway and is now in a compression mode. Balance of Power shows some pro trader activity in the stock at this time. The next resistance level is the highs of September. This is a swing or day trading setup.
Hello Successful Traders,
The stock (Has) presents the ideology that the current PA (Price Action) is gaining traction for an in-dept bullish direction. However, as the all - time - high has been appointed, there may be an imminent trend reversal. Acknowledge the volatility of the market and await confirmation prior to market entry.
Resistance Level 1 - (109.00...
A confluence of harmonics and a possible momentum bottom.
Look for divergence between the oscillator and price.
Tight stop and RR of 2.4. Let the general market bottom first. Entry about 83.85
The variability is very high! Despite the price is below the 30MM, the 30MM's slope is positive. Theoretically the share is in phase 4, but the price may rise (high volume, 30MM+) or not (under 30MM, RSI down)
Hasbro breaking out of Daily Resistance. Nice chance of a continuation trade opportunity.
Share your opinion, comments and questions. Good Luck!
I will keep updating this post.
The HASBRO HAS stock showing
MACD
RSI
Momentum
Stochastic
4 indicators to the downside. Volume is low, that indicates not enough enthusiasm from the buyers. Notice the Parabolic blowoff & Volume spread. This represents a trend reversal.
Sell to target price of 79
What I do?
I Pick Stocks manually, I watch one by one without the use of a "Stock Screener"
I follow approximately 1300 to 1400 Stocks and spend hours searching this kind of patterns including the weekends.
in case you do not understand me
I Pick Stocks manually, I watch one by one without the use of a "Stock Screener"
I follow approximately 1300 to 1400 Stocks...
HAS hanging out around the bottom trendline struggling to breakdown, with the help of Toys r Us going bankrupt and bringing all of the toys industry down with it, we could see a move down out of the triangle finally. Made an attempt today, but was rejected and bought back up with 2x volume. The market rising to new ATH would certainly not help it, but if we...
12.04.17
Signal of a potential bottom from one of my dBFIs on the daily chart
Awaiting confirmation (close above sma14).Signal valid for 2 weeks
25.04.17
Confirmation of bottom signal
![HAS: [HAS] phase 4 or phase 2?](https://s3.tradingview.com/h/hkTKYUwI_mid.png "[HAS] phase 4 or phase 2?")
