Hi everyone.
On 19/09/2022, our system had provided a few picks and the results are as below:
RCL – (Buy) – Withdrawn
BJ – (Buy) – Stop loss
JD – (Sell) – Stop loss
The Dow added almost 200 points on Monday, while the S&P 500 and Nasdaq rallied roughly 0.7% each as dip buyers emerged after last week’s selloff on worries about monetary policy tightening.
Let’s review our stock picks on Monday.
Call for buy for RCL which was withdrawn. Our system withdrew because the price opened with a gap above our EP before trading sideways throughout the rest of the market.
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships.
Call for buy for BJ which resulted in a loss. Our system entered the market at $77.41. The company stock traded downwards in the first half and failed to reach our TP at $25.16. Instead it hit our SL at $75.69.
BJ’s Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services.
Call for sell for JD which resulted in a loss. Our system entered the market at $56.02. The company stock traded downwards in the first half but failed to reach our changed TP at $55.95. Instead it hit our SL at $56.40 and the stock price rose.
JD.com, Inc. provides supply chain-based technologies and services in the People’s Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, books, automobile accessories, apparel and footwear, bags, and jewelry.
Stay tuned for more of our stock picks.
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