I’m noticing quite a bit of bullish price action & technical developments in the apparel stores recently. This video provides technical analysis of the apparel sector as well as numerous apparel stores that appear to be setting up as attractive swing trading opportunities. Playback speed of the video can be increased by up to 2x by clicking on the settings icon at the bottom right of the video.
The ROST (Ross Stores Inc) short trade gapped down below T1 (60.89), which was the sole official price target, to open at 60.64 where any standing BTC orders would have filled, providing a 7.6% profit on the trade. Those holding out for the potential long-term downside (unofficial) target of 44.50 might consider lowering stops to protect profits. As T1 was the final target, ROST will now be moved to the Completed Trades category. Original & updated daily & weekly charts:
The following notes & charts are an update to the ROST swing trade, including price targets & key technical levels.
The following notes & charts outline the entry criterion, suggested stop & beta-adjusted position size for a swing trade in ROST, Ross Stores Inc.
The following Short Trade Ideas have either hit one or all of their price targets, exceeded their suggested stops and/or no longer look compelling from an R/R perspective. As such, these trades have been moved to the Completed Trades category, along with all associated posts for future reference: ACN - After hitting the first price target for a quick 10.4% gain, ACN reversed shy of T2 & went on to exceed the last downward revised suggested stop of any move above 100.50. AVGO- Hit T3 for a 20.5% gain, with that price target on the daily chart also coming in where [...]
ROST daily May 26th The ROST (Ross Stores Inc) short trade has now hit the second target, T2, for a 7% gain. Consider booking partial or full profits and/or lowering your stops, depending on your trading plan. T3 (89.60) remains the final target at this time. click here to view the live, annotated chart of ROST
ROST daily April 1st ROST (Ross Stores Inc) will trigger a short entry on any move below today's earlier low of 103.30. Suggested stops using a 3:1 or better R/R to your preferred target (T1 - T3). click here to view the live, annotated daily chart of ROST