ROST trade ideas
ROST - Short from $64/$62 to $56ROST looks interesting short setup. It has broken down its recent support & all MA lines. We think it has more downside potential. For perfect entry we are looking for a pullback to $64 or break of Long term support around $62
* Trade Criteria *
Date first found- April 5, 2017
Pattern/Why- Support breakdown short
Entry Target Criteria- Break of $62 or Pullback to $64
Exit Target Criteria- $56
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
LongI like this stock because there is a huge support line. Again, the stock had a nice resistance line then it broke out. After that breakout , the stock came back at support and bounced. It did that three times and bounced all the time then today the stock did the same thing so im expecting a nice reversal. The stock did a nice candle and finished the day very strong. Yesterday the stock was down , the bears were in control but today it change , the emotions change and now the bulls are in control and that's what you want to see. The stock finished very strong and the sentiments completely change so i think we will see a reversal on the upside.
alfazen predictions for WednesdayIn general slightly short
In particular - our predictions suggest short $ROST and $LVNTA
Is ROST going lower?Old Support become New Resistance,
Stochastic shows bearishness,
Likely to down to 50.00 and probably down to 44.00
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#ES_F $VIX - $ROST - Daily Chart ROST is above a 1.618 fib ext and R2 on daily / weekly. Lots of gaps below starting at $47.32 -> $41.77. Smart money was unloading this last week and clearly being distributed. Hypothetically, if the market showed weakness, would this stock be a fire sale after a 720% run up? Yes it would. Regardless of market conditions, not much left in the tank here.
$ROST $SPY - I loaded ROST puts up here. Way above VPOC on weekly and monthly. Upthrust after distribution and tagged the 61.8 fib trend ext.. = TOAST
$SPY - I shorted $ROST today - What a pigYou really want to be long here? LOL. Big boys were dumping.
ROST - holding up despite market meltdown.I would prefer LONG positions, as ROST is still in this upper Pitchfork parallel zone.....however, the most recent advance did not close above the spike move on August 17th. This why I wait and remain neutral.
ROST BreakoutRost has earnings coming out in 9 days, look for it to breakout prior and run into earnings....this would offer a nice upside potential to 60s, but it could take longer to breakout. Stop would go below breakout once it breaks with a 7-8% stop and need volume to support the move
ROST A breakout should occur with ROST as it has build a weekly cup, no handle at this point. Earnings are coming out soon so this may accelerate it but would not want to be in during earnings...in/out prior or wait till earnings are announced
$ROST Short the bounce into resistance of a downtrending channelKey points;
1) ROST should no longer be considered uptrending after breaking its primary trend support.
2) A new downtrending channel has emerged after the break of its primary uptrending support line.
3) Price has already rejected the upper bollinger band and has continued to validate the downtrending resistance line of the downtrending channel
4) MACD has begun contracting which indicates that the bullish move upward may have begun losing steam
5) Volume is low and almost half the 20 day average and therefore it is reasonable to fade this up leg
As always DYOR
ROST gaps up on earningsROST could offer a good near-term buy on Fridays' gap up on higher volume. The bar was very bullish - adding to the momentum to the upside - and easily cleared the 2013 pivot high.
For longer-term traders, however, the large gap up could easily be filled - so we would want to see some sort of pullback or retest of the 2013 high before considering this a buy opportunity. And by that time we could well be approaching the psychological resistance of the 100 figure.
Since breaking above the 200dma in August the trend has been very linear so if this continues and price clears $100 then a long-term buy could be in the offering.
One for the watchlist.
Branch out of ChannelRoss Stores - recently broke out of a downtrend channel and a retest to break back down was unsuccessful.
It seems that price is in this steep uptrend channel and checking to see that the blue region can provide strong support for final push to challenge 81.78 by then. Looking forward to a bearish divergence
Short ROST. Clear head and shoulders.Price entry: $70.36
Price-target: $60.44
Stop-loss: $74.74
Need a drop for a confirmation of the pattern. Stock has spiked on low volume, showing there isn't much upwards strength to it. Expecting the stock to use this $70.36 price level as new resistance and drop eventually to $60.44(price-target).
Found a new head and shoulders pattern!Price-entry: $69.33
Price-target: $60.09
Stop-loss: $74.71
Position: Short
This head and shoulders pattern has been forming since mid September. It is serving as a reversal top. The price went under the 200 SMA last month in January for the first time in more than 10 months. The 200 SMA has made a death cross with the 20 SMA. Based on the MAs the stock's future looks pretty bearish. The stock has already gone down substantial amount under the neckline and it doesn't look that it will come near it again(low buying volume. If this stock does go back to the neckline i've placed my stop-loss at $74.71 around the resistance level of both shoulders. There is still profit to be made from this stock, I expect a 13.33% gain, this expected movement will fill the gap from April.
