Get started

Retail

RH testing supports from May; look for upward triangle breakoutRestoration Hardware, which gapped upward on an earnings surprise a few days ago, has been in a sharp downward triangle ever since. Today it's testing a support zone from about 105.30 to 109.60. I wouldn't be surprised to see an upward breakout from the triangle, especially considering the strong retail sales report the Commerce Department released. To be honest, I'm a little surprised RH has stayed in its triangle at all today.
NYSE:RHLong
by ChristopherCarrollSmith
Revolve approaching a decision point tomorrowRevolve has formed a triangle chart pattern since its IPO a few days ago. On upside breakout, look for confirmation above $41.61 resistance level. On a downside breakout, look for confirmation below $36.74 resistance level. Tomorrow is a historically bullish date for stocks, so perhaps Revolve will break out upward simply on seasonality. Citron, the only analyst to opine on Revolve, has set a price target of $50. Downward consolidation is the alternative. In that scenario, Look for a slow slide down toward secondary resistance at 30.65 as the price consolidates before its next upward gap.
NYSE:RVLV
by ChristopherCarrollSmith
$RBZ Prepares For Possible Massive Breakout Fllwng NASDAQ Newswww.otcmarkets.com Transfer of Listing. On May 2, 2019, the Nasdaq Hearings Panel determined that Reebonz Holding Limited (“Reebonz” or the “Company”) evidenced full compliance with all applicable requirements for initial listing on The Nasdaq Global Market. As a result, the Company’s ordinary shares, which are currently listed on The Nasdaq Capital Market, will be transferred to The Nasdaq Global Market effective with the open of the market on Friday, May 3, 2019. 1 Month PPS Target set for $15.00-$20.00 www.reebonz.com www.reebonz.com www.americanbulls.com
RLong
by StockGuild
Thursday's retail sales day and Friday is a day offThe latest news on Thursday. About the publication of the United States retail sales data. Unexpectedly, for most people the data turned out to be much better than forecasts (+ 1.6% m / m with the forecast of + 1.0% m / m). Recently, the US is not very pleased with macroeconomic statistics. So, everything is completely mixed up and it is difficult to say what is really happening with the US economy. However, the Dollar Index is too close to local maxima to buy a dollar. So we continue to look for points for its sales on the intraday basis. Canada posted quite good retail sales data (+ 0.8% m / m with a forecast of + 0.4% m / m). But in the battle of two dollars, the American turned out to be stronger than the Canadian. The UK decided not to lag behind and also showed growth in retail sales (+ 1.1% m / m with a forecast of -0.3% m / m). However, this did not help the pound much, and together with the dollar, it set off to storm the support of 1.30. Another reason for selling the euro has been provided by Germany. The PMI index in the manufacturing sector in Germany was worse than expected and well below 50 (44.5, with a forecast of 45.0), which is a negative signal for both the largest economy in the Eurozone and for the European single currency. Meanwhile, in the United States the number of active rigs has dropped sharply again. According to Baker Hughes, the number of oil installations for the week decreased by 8 to 825 pieces. Such news has supported oil. However, it is still at the local top. Recall that while oil (WTI brand) is below 64.50, we will look for opportunities to sell the asset on the intraday basis. Today will be almost a “day off”. US, UK and German markets will be closed. This means a low level of liquidity and a “thin” market. Accordingly, the probability of sharp and unpredictable price fluctuations sharply increases. Therefore, it is worth being extremely cautious in order not to run into another flash crash.
Short
by Trade24Fx
THE FOSCHINI GROUP (TFG) DAILY TIMEFRAME SHORTThere is no magic crystal ball here. Whether you are on the daily timeframe or 4-hour, the stars are aligned baby! The price for this stock is moving in a clear range with the support at 15 760 and the resistance at 17 825. Now we can see a bearish candle start to form at the top, and a second closure of a bearish candle will likely be my trigger for the trade. A more conservative entry would be to enter when the third bearish candle moves halfway the length of the prior candle.
JSE:TFG
by munyaelliott
RMI Is About To Make A MoveRand Merchant Investment (RMI) Holdings is an investment holding company with a portfolio of insurance and investment products targeted at the commercial, corporate, retail and public sector. The group’s history can be traced back to 2010 with the spinning off of insurance assets from Rand Merchant Bank (RMB) Holdings, FirstRand and Remgro. RMI Holdings shares were subsequently listed separately on the Johannesburg Stock Exchange (JSE), although RMB Holdings and RMI Holdings still share the same management team. Technicals On the weekly time frame, we can see a corrective structure formation, indicated in pink. The daily time frame, indicated in blue, shows a 5 wave corrective structure which has completed. This would indicate that there should be a break to the upside soon. This break will be the start of wave 4 on the weekly structure.
JSE:OUTLong
by Linton_White
IS THE CORRECTION COMPLETE OR WILL WAVE 5 COMPLETE FIRST?Growthpoint Properties is a diversified property investment holding company incorporated and registered as a public company on 12 October 1987. Growthpoint shares are listed for sale under the Financial Services Real Estate Investment Trust sector of the Johannesburg Stock Exchange (JSE), and the group is today one of the biggest players within the sector. The company boasts a portfolio of 525 properties which provide 6.7 million m² of retail, office and industrial space to leading businesses in South Africa and Australia. They also have a majority stake in 53 Properties which are valued at R22 billion. One of Growthpoint‘s biggest investments is a 50% stake in the properties at Cape Town’s V&A Waterfront, valued at R6.8 billion. Technicals As you can see on the chart above, there was a spike down to the 50% Fib retracement level as indicated with the red arrow. This is a strong level of support and the rally from there could continue on upwards if this is the formation. I would not be surprised to see wave 5 complete to the 61.8% Fib retracement level before we see the break to the upside but due to the break of the structure at the top of wave 4, it is also possible that the rally will occur soon.
JSE:GRT
by Linton_White
NEPI ROCKCASTLE TRADING SCANDAL HURT, WILL IT RECOVER?NEPI Rockcastle owns and manages a portfolio of dominant retail properties in the following high-growth CEE countries: Romania, Poland, Bulgaria, Slovakia, Hungary, Croatia, Czech Republic and Serbia. The Group benefits from a highly-skilled internal management team which combines asset management, development, investment, leasing and financial expertise. Geographically diverse management skills allow NEPI Rockcastle to pursue Central and Eastern European (CEE) property opportunities more efficiently, benefiting from a strategic advantage in the acquisition, development and management of properties. The Group is well positioned for growth, driven by its best-in-class operating platform, as well as its historically proven capacity to deploy existing capital resources into attractive direct property investments. NEPI Rockcastle continues the active investment policy that supported the growth of NEPI and Rockcastle respectively over recent periods, with a strong pipeline of acquisitions and developments currently being pursued in its targeted region. NRP is however part of a large trading scandal where they were accused of overstating profits and have taken big hits in terms of share price. Technicals There are two options here but both setups indicate that there should be further downside. Option 1 Here we can see the initial impulse move to the downside on the left and I expect the second impulse to complete to the downside at a target price of around 3000. The corrective structure completed 4 waves and broke to the downside and is now on the retest level which means that the second impulse could begin shortly. Option 2 The same initial impulse move applies but we could see the formation of a larger correction as indicated above. The break to the downside for impulse two will have the same target as option 1 and could occur on wave 4 or alternatively after the completion of wave 5 to the top first.
JSE:NRP
by Linton_White