Trading Journal Bought Price 282
Sold Price 282
Became too choppy ( didn't have a full position as there was earnings just prior to buying it, it was 3.5% position), wanted to see if it would gap higher and then I can turn into full position.
BURL trade ideas
Burlington Stores is set for significant upward movement.
After the market crash in March 2020, the stock price stabilized around the 110 level and began to rise.
This upswing drove the price to an impressive high near 350, reaching an all-time peak.
During this phase, a Rising Wedge pattern formed, and following a subsequent breakdown, the stock underwent a significant correction, returned to its previous support level.
Subsequently, the stock made a strong recovery, climbing to around 250 before encountering resistance.
After a notable decline, it found support once more near 115.
Another rebound occurred, leading the price to a recent breakthrough above previous resistance levels.
It is anticipated that this momentum will persist, leading the stock to achieve new highs in the near future.
BURL to the upsideLooking at a 244 entry candle close 24hr
Wating for a pullback to take 280c dec exp for around $4 a contract
If buyers can really step on the gas here this thing should pump and pump fast. empty sapce waiting to be filled
BURLINGTON : large move awaited
The stock has traded within a very narrow range for 9 weeks.
Neutral view:
This alone supports the idea of initiating a straddle with a 6 months view (August) with strike 205
BUY BURL August205 C & BURL August205 P
and close the trade when the stock reaches above 240 or below 160
Long view
As shown by the CCI 21w, the outlook is bullish.
The CCI could well reach 200
A conservative upside target would be 300
My exact target Fibonnacci target is :
EXP ( LN(120)+(LN(240)-LN(120))*1.382 ) = EXP ( 5.7454 )
therefore 312
$BURL earnings Ticker and Sector: This indicates the company and the sector it operates in. Sector performance can give insights into broader economic trends.
Earnings Release (ER) Date: The date on which companies report their earnings is critical for timing the analysis.
Beat/Miss Percentage: This represents the percentage of times a company's reported earnings have beaten or missed analysts' expectations. A higher beat percentage is generally viewed positively.
Price at Last Earnings Release vs. Current Price: This can indicate market sentiment since the last earnings report. A rising price may suggest positive investor sentiment, while a falling price might indicate concerns or negative performance.
Earnings Expectation for This Quarter (EPS and Revenue): Comparing this quarter's expectations with the actual earnings last year provides a sense of growth or contraction.
Trend: This refers to whether the company is expected to report more or less money. This trend can be aligned with the overall economic situation, sector performance, and company-specific news.
Market Expectation: Whether the market expects the company to meet, beat, or miss earnings can influence stock price movements.
To analyze and forecast market direction based on this data:
Identify patterns in earnings beats or misses across sectors to determine broader market trends.
Assess individual company performance based on the beat/miss history and current market expectations.
Consider macroeconomic factors and sector-specific trends that may impact these companies.
Analyze stock price movements post-earnings release to gauge market sentiment.
The analysis should conclude with a forecast that takes into account these factors, providing a reasoned prediction on whether selected companies are likely to beat or miss earnings expectations and how their stock prices might respond. It should also consider potential risks and advise on stop loss levels to manage those risks.
BURL Burlington Stores Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BURL Burlington Stores prior to the earnings report this week,
I would consider purchasing the 180usd strike price Calls with
an expiration date of 2023-9-1,
for a premium of approximately $5.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Burlington store bottoming BLR appears to have created a bottom after a long downward channel. Sellers seem to have run out of ammo after a distribution phase and a downtrend that lasted more than 100 days. This bottom formation also coincides with a very important support level on HTF. A possible target is the 190 $ gap area, this would take the price almost at the top of the multi-year channel as well.
BURL Burlington Stores Options Ahead of EarningsAnalyzing the options chain of BURL Burlington Stores prior to the earnings report this week,
I would consider purchasing the 175usd strike price Calls with
an expiration date of 2023-6-9,
for a premium of approximately $7.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
$BURL with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BURL after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 81.82%.
Just watching this one, low volume but nice chart its a good breakout, just lacking volume. Will be interesting to watch
Tradingview requires me to type more
BURL SELL++++BURLington coat factory is overbought and overextended here. We can see max of $225 on this leg, but doubtful. If currently short ADD $205, $215, $225, otherwise one could start a position here $161 target in coming weeks. We are still in a bear market people! Rallies are to be SOLD not bought! New moon phases began which suggests selling pressure for stocks, last weeks low volume is not to be trusted.
Burlington Bounced Off SupportBurlington (BURL) found support on the monthly cloud. With just 3 trading days left in the month, there's little chance the candle will pierce the cloud. Monthly Stoch RSI highly suggests this is a major bottom. Monthly Fibonacci also validates the potential bottom.
Not financial advice.
$BURL with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $BURL after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
BURL - Indications for bounce backAccording to Traders-Paradise Algorithm, this has a high chance of going up
More opportunities: Traders-Paradise.com
BURLINGTON STORES Idea Hey people, BURLINGTON STORES is in a fake bearish setup with high sell volume issued and an upside down hammer candle shape. In the TIMEFRAME M1 we can see a marubozu with a volume return, it starts from its lowest on the bollinger to move towards the bottom of the bearish channel and test the VWAP. Big possibility of breakout the price at the same time with the momentum of return broken the VWAP. To go to the top of the channel with the resistance point test before panic and come and fill the bearish breakout gap to reach the last high. And if the buyers come back to collect the losses before the session.
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(BURL) Burlington Inverse Head & ShouldersTextbook, Inverse H&S with a strong breakout from the neckline.
Burlington Stores, Inc. (BURL) short.All description on the chart.
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Thank you.
Burl multi-year run may be coming to an endLong track record of increasing revenue but not positioned for the economy we are heading into. Here are some reasons why:
1) No online presence. Discontinued online store last year. Speculating here but I imagine it would be hard to manage the inventory of an online store based on the wide variety of items they have which are constantly changing.
1a) Lost customers to online shopping. Downtrend on google trends ever since the economy shut down. How many people will forget about them by the time stores reopen? Also, how many people will still have money to shop?
2) Strapped for cash. Looks like they will have to raise money to pay the rents on all their brick and mortar locations.
Broke straight through multi-year support. Might retest but I doubt it will go up much more from here, especially if the economy remains closed longer. Earnings early June.
Let me know in the comments how I could be wrong on this.
BURL Bullish FlagBuyers @ demand with a confirmed swing low in uptrend, making a Bullish Flag pattern
Target Fib 1.618 level
BURL, Burlington Stores Inc. - Stop Loss on Broadening TriangleNYSE:BURL
It is never a question of being right or wrong, but rather of being too early and being thrown out of the market before the asset's actual direction.
What we need is an event that allows us to systematically decide to enter Long or Short, in our case the patterns of technical analysis.
We are trend-followers and we gain from price movement, so we could call ourselves "Price Change Traders".
In this case the price had triggered our Stop Loss.
Stay Tuned!
