155 is an area of interest This area's massive volume and liquidity could be retraced and pushed to higher levels. The candle shows signs of reversal or what to look like; this could be a pause in its pursuit of 200 before the next run-up.
JBL trade ideas
JBL Jabil Inc, (Long Opportunity) (Midterm) Leo Hanhart Strategic
- A lot of funds enter positions.
- Stock is gaining momentum.
- Company did strategic purchases wich higher the earnings in the future.
- Strategic position in the market.
- Free cashflow is high. (and increasing) if you would make a model for that, you will see that this will predict that the stockprice will increase.
Financials
- Earnings are okey.
- Company has a good outlook.
- Valuation is a bit on the low sight (is 10-11, was 20).
- Margin is increasing.
Techincal
- Just a good momentum spot.
- If you look at the weekly candles you see big long-O.
- Buyers are making the coming market I quess.
JBL - Aug 24 MATrend Unsustainable MomentumI was looking for momentum pullback opportunities to go long if RUT held support on the H1 chart. At 1:22 AM SGT, the RUT H1 ATR started to significantly slow down, forming a clear support level.
This aligns with JBL finding a base, with its price action slowing down as well.
The RUT price setup suggests that consolidation might be beginning. As a result, our trade duration will be shorter—around 2 days—with a price target of 2.59R. The bet here is that RUT continues into a consolidation setup.
This is a tweak of the system below, tightening entry, duration and focus on Index price movement as a guide
MATrend Unsustainable Momentum (Systematic) ⏪
The strategy identifies stocks (Tech sector ) that follows the larger market regime's momentum of the day and because they are unable to maintain it price reverses quickly
Tight stops aligned to the price behaviour we are trying to capture. Which is a rapid break of the momentum.
JBL - May 24 (MATREND v1.6)Had three signals (JBL, COHR, WDC) but I selected JBL because the price structure on chart looks like it has the best potential to trend.
v1.6
Exit rule tweaked to Daily 10SMA
Calibrated entry specs, to slightly loosen up the Stoploss
atr_x = 2.5
entry_atr_xfactor = 3.7
-----
This is a simple systematic Trend strategy where entry is based on two conditions
1. Price crossing over the EMA
2. The present ATR is less than an ATR multiple
The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback
Risk
Fixed & tight SL based on ATR multiples closes trades fast
Closing of the trades is a simple price cross over the daily SMA
This strategy only has a 34.38% win rate. So most trades will end up as losers until we hit a strong upswing.
JBL (Long) - an outperforming value-playFundamentals
The market is obviously overbought (still expecting a pullback), which could potentially give space to the stock to consolidate and form a cup-and-handle formation
Fundamentally, the company is sound - it has seen a decrease in demand, reflected in the decrease of revenue. However, efficiency gains meant that profit has gone up regardless, hence the price rise.
The earning are currently pricing another fall in revenue (yet, the price is still rising), hence a potential beat could serve as a nice boost to the share price.
Why am I interested in a firm with declining revenue? Because it has a lot of things going - the firm is expanding into various sectors (including healthcare, semiconductor equipment, and AI-driven data centers), which gives it a diversified customer base + it has signed a massive $2.2bn agreement with BYD , giving it an entry into the EV market
Cheap - P/E ratio of 23, despite the rise in price (based on Willliam O'Neill - the biggest winners of his careers had a starting P/E between 20-40)
Only problem is a pretty high level of debt
Technicals
The usual - accumulated base , currently on the verge of breaking the upper resistance
Another way to look at it is a broken bullish pennant
The most likely scenario I see is a consolidation along with the market and then breaking either close to the earnings or on earnings
The bottom indicator shows a recent outperformance compared to S&P500
Stochastics has been in the upper range for a while - again, showing that it will probably pull back for a little while
Trade
There are plenty way to go about it - I will likely choose to wait until the stock price consolidates around the resistance and wait for a breakout
If the breakout happens now, I would once again advise to enter the trade, but with the caveat of giving the trade more space for a potential pullback back to the support
Of course, if the stock starts receding from here, the trade is off; same goes for a failed break out
Main caveat is the earnings - if the stock disappoints, then once again, the trade wouldn't be advisable
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Is Jabil Breaking Out?Electronics manufacturing company Jabil has trended higher for the last three years. Now, after a period of consolidation, some traders may expect further upside.
The first pattern on today’s chart is the trendline along the highs of December and January. Prices moved above this resistance last week and have remained there since. They also held the January 30 peak on Monday.
Second, the potential breakout follows tight consolidation with narrowing Bollinger Band Width. JBL is additionally near its 50- and 100-day simple moving averages. Does that create the potential for prices to expand?
Third, bullish gaps after the last two quarterly reports may show bullish fundamental trends.
Finally, MACD recently turned positive.
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JBL- on the reboundFrom mid July till now, SPX and NQ had been undergoing corrections resulting in lower highs (LH) and lower lows (LL). Although there is a chance the correction in SPX could be over, we can never be sure until it manages a higher high (HH) at least.
JBL on the other hand, has demonstrated good relative strength to the market, eking out higher highs (HH) and higher lows (HL) despite the broader market correction. This type of stock has a higher odd to out perform the market for the longer run.
It appears to be finding support at the 61.8% fib retracement of its recent AB upswing, supported by a bullish divergence between it's price and RSI.
Going long with an initial stop about $1 below its recent pivot low @ C ($119).
Trail stops up when trade is working out.
Disclaimer:
This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie trailing stop loss and position sizing) is (probably the most) important!
Take care and Good Luck!
$JBL Measured Move... Short Signal?Here we are looking at JBL on daily TF...
As you can see, this is a comparison idea of the current up trend to that of the uptrend before this one. In the previous uptrend, JBL climbed 50%+ in its measured move, and what followed it was a steep correction.
Currently, JBL has climbed about 40% in its recent uptrend, and has had 6 consecutive green days. This tells me that JBL could be getting to the top of its current measured move.
Thus, this may be a good time to consider taking profits, or entering into short positions if this measured move plays out similarly to the previous.
As always, this is not intended as financial advice, and is merely just an informative trading idea...
Trade safely, cheers!
JBL Jabil Options Ahead of EarningsIf you haven`t bought JBL here:
Then analyzing the options chain and the chart patterns of JBL Jabil prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $2.17.
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.
JBL Jabil Options Ahead of EarningsAnalyzing the options chain of JBL Jabil prior to the earnings report this week,
I would consider purchasing the 95usd strike price Calls with
an expiration date of 2023-6-16,
for a premium of approximately $3.15.
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.
4 Great Candidates for 2023 WatchListEarly Happy New Year 2023 ...
Using the slow "down" time to "sharpen the saw" and prep for a strong recovery sometime in 2023
here are some of my top candidates for the 2023 watchlist to keep an eye on.
what's common between these names? can you spot the similarities / theme between them?
* The blue line is the SMA200 - and all 4 have already recovered above that line ahead of the pack.
* all 4 names delivered positive earning surprises for the past 3 quarters
* All technology / chip / semi -related. A good theme to consider for growth in the current decade.
i'm also test-driving improved versions of the 2 bottom indicators (Mo_Bars and C&B Scout) - those i plan to rely on more in my trading in 2023 - sort of going back to basics with these :)
if you know what these indicators are or have been using them, feel free to share your feedback .
Happy and profitable 2023.
Jabil - Long next target 68.00JBL with pivotal news point.
JBL reported second-quarter fiscal 2022 earnings of $1.68 per share, which beat the Zacks Consensus Estimate by 15.1% and grew 32.3% year over year.
Thanks to strong secular tailwinds and momentum in many end markets, the company raised outlook for fiscal 2022. It now expects revenues of approximately $32.6 billion and core EPS of about $7.25.
So a Long is interesting with next target 68.00 and more
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JBL ATHYou can use the below strategies:
1) Breakout trades at ATHs
One can plan a long trade if the price shows a decisive breakout or above ATH . In this case, you should be quick enough to cut your positions if the price shows reversal signs. Very often, price reverses (or shows some serious selling) near ATH .
2) Pullback strategy after breakouts at ATHs.
One can plan a long trade if the price shows a clear breakout and then shows a pullback near ATH . This is a wonderful opportunity to plan a long trade, keeping stop-loss below ATH or the candle low which occurs near ATH .
Conclusion:
I have seen many investors try to follow both the breakout strategy and pullback strategy and they lose money. One should know both are different concepts and try to master just one concept which suits your behavior.
JBL approaching resistance that dates back more than a decade!JBL, an electronic components company, is approaching resistance that dates back to more than a decade!
This is huge! When multi year resistances break you can be sure that the stock is going to shoot to the moon.
Looking at the price action on the weekly or even daily, it seems like this may approach or even break above $59.88 in the coming week.
Trade idea:
* Look for a weekly break and close above $59.88. Getting in before that may be a bit more risky since this may act as a strong selling point.
