Is This Name a Shoe-In to Go Higher?

Let's see if there's a buy signal… September 28, 2020 UNSUBSCRIBE |ARCHIVE Big tech founder never saw this coming… When Facebook's mega-billionaire sat down before Congress on October 23rd, 2019... For over six hours of grueling testimony about his company’s plans for a digital currency called Libra… He surely never imagined that one of the panel’s top-ranking Republicans, would be giving him incredibly lucrative advice. But he did — with a tip that could ultimately be worth a bundle to lots of regular American investors. Don’t worry if you missed it. Because you can get the same advice and more here, absolutely free to click to see. Is This Name a Shoe-In to Go Higher? Dear Chart of the Day Reader, Happy Monday! On Friday we looked at the daily chart of QCOM. Today, we’re going to do some analysis on Shoe Carnival, Inc. (SCVL), which operates footwear stores in the United States. SCVL moved sideways for most of the summer before breaking out in late August. Let’s take a look at the daily chart of SCVL and see where it stands: After SCVL pushed outside the upper Keltner Channel, it moved sideways for a few sessions before punching up higher again.  Profit taking came in, which pulled price back down to just below the midline of SCVL’s Keltner Channel. While we can start watching for a buy signal, as always, confirmation will be key. However, if the downside continues, watch for support from the late August breakout point at just under $31. Trade Smart, Michael Saul Analyst, Chart of the Day COVID Is No Joke: "I hear them laughing…" His NYC comedy club is STILL banned from reopening its doors — so how can he survive? “I hear them laughing… they think I’m up to my eyeballs in debt, but what they don’t know is I own this place free and clear. And I paid for it with the most powerful moneymaking secret EVERYONE should know…” Find out how this stand-up comedian is using a little-known secret to earn passive paychecks… and laughing all the way to the bank >> If you are having trouble receiving your Chart of the Day subscription, you can ensure its arrival in your mailbox by whitelisting Chart of the Day. © 2020 by Chart of the Day. All rights reserved. This newsletter may only be used pursuant to the subscription agreement, and any reproduction, copying or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of Laissez Faire Books LLC, 808 Saint Paul Street, Baltimore, MD 21202-2406. To end your Chart of the Day e-mail subscription and associated external offers sent from Chart of the Day, click here to unsubscribe. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. If legal advice or any type of assistance is needed, please seek the services of a competent professional. This material, produced by Chart of the Day, is for informational purposes only. All technical information, instruction, and advice, reflect the beliefs of Chart of the Day and are intended as informational only. Chart of the Day is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Laissez Faire delivering daily email issues and advertisements. Please read our Privacy Statement. EMAIL REFERENCE ID: 401CODED01