FAST
FAST potential Buy setupReasons for bullish bias:
- Falling wedge pattern
- Price respecting long term trendline
- Price is at the weekly support zone
- Bullish divergence
Here are the recommended trading levels:
Entry Level(Buy Stop): 66.85
Stop Loss Level: 59.08
Take Profit Level 1: 74.62
Take Profit Level 2: Open
Taking aggressive entry at CMP, but safe entry will be above 66. Also, heads up Earnings date is 12 July (Friday)
FAST 1H Swing Long Aggressive Trend TradeAggressive Trend Trade
- short impulse
- expanding ICE
+ volume 2Sp
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Daily context
"+ long impulse
+ SOS test level
+ right volume distribution"
Monthly context
"+ long impulse
+ SOS level
+ 1/2 correction?
+ right volume distribution"
Sell Stop 67.15 LMT 67.84, GTC
Sell Limit 69.19, GTC
FAST Fastenal Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of FAST Fastenal Company prior to the earnings report this week,
I would consider purchasing the 62.12usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $2.37.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
FAST Fastenal Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of FAST Fastenal Company prior to the earnings report this week,
I would consider purchasing the 84.62usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $4.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Fastenal ($FAST) Powers Ahead: A Dive into Q4 2023 Performance
Fastenal Company (NASDAQ: NASDAQ:FAST ) has emerged as a standout performer, exceeding market expectations in its Q4 2023 earnings report. With an EPS of $0.46, surpassing the forecasted $0.45, the industrial distributor showcases its resilience and strategic prowess in a challenging economic landscape. Let's delve into the key factors that contributed to Fastenal's robust performance and explore its promising outlook for the future.
Financial Highlights:
Fastenal's Q4 2023 earnings report reflects an impressive 8.4% increase in earnings per share, highlighting the company's profitability and financial health. The significant daily sales rate (DSR) growth underscores its strong market position and effective business strategies. Total net sales and daily sales exhibited healthy increases, affirming the success of the company's expansion and customer retention initiatives.
Exceeding Expectations:
Fastenal not only met but exceeded market expectations, outperforming forecasts in both EPS and revenue. The company's ability to consistently outshine benchmarks is a testament to its strong operational execution and strategic initiatives. Fastenal's revenue generation strategies, combined with a focus on cost-effective operations, set a new standard for the company's operational capabilities.
Guidance and Future Outlook:
Looking forward, Fastenal remains optimistic about its future trajectory. The company's guidance reflects confidence in its business model and growth prospects, emphasizing continued expansion in key areas. With a focus on enhancing digital capabilities, expanding the customer base, and driving operational efficiencies, Fastenal positions itself for sustained growth. Investments in technology and innovation are expected to yield positive results, reinforcing the company's commitment to adapting to market changes while upholding core business values.
Technical Outlook:
From a technical perspective, Fastenal's stock ( NASDAQ:FAST ) is trading near the top of its 52-week range and above its 200-day simple moving average. This indicates that investors have been driving the share price higher, suggesting upward momentum. The positive technical signals align with the company's strong financial performance, providing investors with confidence in the stock's future value.
Conclusion:
Fastenal's Q4 2023 performance showcases a company in its prime, navigating challenges with resilience and achieving commendable financial results. As the company continues to focus on growth, operational efficiency, and technological innovation, investors can anticipate sustained value creation. Fastenal's ability to exceed market expectations and maintain an upward trajectory positions it as a compelling investment opportunity in the evolving landscape of industrial distribution.
LINK - Once A Castle; Always A Castle!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
After being stuck inside a range for more than a year between 5.0 and 10.0 round numbers, LINK finally broke above the range / accumulation phase.
Now we are expecting the MarkUp to push higher till the 18.0 resistance.
on H4: Right Chart
The bulls would remain in control from a medium-term perspective, unless the last low in red at 10.5 is broken downward.
In this case, a movement till the 9.0 - 10.0 support zone would be expected where we will be looking for trend-following buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDINR price forecast until April 2024 USD will correct towards the range of 82.1-82.5 until the end of November 2023.
In the last week of November look for reversal patterns and rise towards 83.13 with possible top at 83.54 in January 2024.
This will be followed by a healthy correction and successful retest of 83 at the end of February 2024.
A breakout of 83.54 is expected to happen in the first half of April 2024.
FAST | InformativeNASDAQ:FAST
If the stock price breaks above the bullish line, positioned around $60.74, the primary target on the bullish side to monitor would be Target Price 1 at $61.76.
Conversely, if the stock price descends below the bearish line, located at $59.45, there are several potential downside targets. The initial target on the bearish side would be Target Price 1 at $58.00. If this level is surpassed, the subsequent target to keep an eye on would be Target Price 2 at $56.00.
FAST Fastenal Company Options Ahead of EarningsIf you haven`t bought FAST here:
Then analyzing the options chain and the chart patterns of FAST Fastenal Company prior to the earnings report this week,
I would consider purchasing the 55usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.87.
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.
FAST Fastenal Company Options Ahead Of EarningsLooking at the FAST Fastenal Company options chain ahead of earnings , I would buy the $52.5 strike price In the Money Puts with
2023-8-18 expiration date for about
$3.80 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Nasdaq completing ABCDE patternAs illustrated the nasdaq is about the complete the ABCDE pattern, it also broke a crucial support level which is also the .0618 fib level. EMA's also showing we're still in a downtrend and are not getting out anytime soon.
This will mostlikely take some time to develop and is good for the swingtraders among us.
Trend is key.
Quick short positionShort term sell position opened as on 15m chart bulls are struggling to break above the moving average, at the current moment. For the moment I am selling although I am not sure what tomorrow will look like although I am hoping tomorrow will be bearish.
*NOT FINANCIAL ADVICE I AM NOOB*