Panjang
$BONT - possible breakout study
DISCLAIMER - I DO NOT TRADE RETAIL STOCKS ON A REGULAR BASIS AND AND MAY NOT ACTUALLY TAKE THIS TRADE.
THIS IS MOSTLY TECHNICAL IN NATURE. IF $BONT DOES SOMETHING DUMB BETWEEN NOW AND EARNINGS, THIS ANALYSIS IS MEANINGLESS.
A friend as me to look at this retail stock since its basically been taking a beating like the rest of the Nasdaq the last quarter. Reversal trading is kind of my thing.
Bullish leaning:
- broke over down trend line from around 2014 .
- had a heavy earning reaction but corrected pretty hard.
- on the verge of breaking over the quarterly down trend line.
- dollar flow for 2016 so far has been pretty fair to ok. selling corresponds with index reaction.
- NQ/ND on recover path the last two weeks.
- bi weekly to monthly stoch rsi really low. room for a good move.
Legit Concerns:
- EPS scare was 160% before Christmas. Investors dont like to get rekt by Consumer sector updates
- Nasdaq require a stock to hold 1.00 per share minimum to be listed.
- Didnt respond to recent Nasdaq increases as much as it should have.
- this may not be a long term hold. they hold a bunch of retail companies but all of them are slow to adopt online measures. ( i thought amazon taught everyone this lessons)
Wildcard:
- "Zacks Investment Research " declared a strong sell recently after an upturn. A quick googles shows a whole mess of wrong calls between AAPL - GOOGL etc etc.
im not sure how this will effect traders. But they dont appear to be "anyone worth knowing"
(note i posted about $BONT on my twitter about 2 weeks ago here twitter.com/IamNomad/status/698036328517210112. this is more to make things official.
THIS IS MOSTLY TECHNICAL IN NATURE. IF $BONT DOES SOMETHING DUMB BETWEEN NOW AND EARNINGS, THIS ANALYSIS IS MEANINGLESS.
A friend as me to look at this retail stock since its basically been taking a beating like the rest of the Nasdaq the last quarter. Reversal trading is kind of my thing.
Bullish leaning:
- broke over down trend line from around 2014 .
- had a heavy earning reaction but corrected pretty hard.
- on the verge of breaking over the quarterly down trend line.
- dollar flow for 2016 so far has been pretty fair to ok. selling corresponds with index reaction.
- NQ/ND on recover path the last two weeks.
- bi weekly to monthly stoch rsi really low. room for a good move.
Legit Concerns:
- EPS scare was 160% before Christmas. Investors dont like to get rekt by Consumer sector updates
- Nasdaq require a stock to hold 1.00 per share minimum to be listed.
- Didnt respond to recent Nasdaq increases as much as it should have.
- this may not be a long term hold. they hold a bunch of retail companies but all of them are slow to adopt online measures. ( i thought amazon taught everyone this lessons)
Wildcard:
- "Zacks Investment Research " declared a strong sell recently after an upturn. A quick googles shows a whole mess of wrong calls between AAPL - GOOGL etc etc.
im not sure how this will effect traders. But they dont appear to be "anyone worth knowing"
(note i posted about $BONT on my twitter about 2 weeks ago here twitter.com/IamNomad/status/698036328517210112. this is more to make things official.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.