LIBERY SHOES: A SECOND OPPURTUNITY

 

ON NOV 25 WE CAME OUT WITH A BUY RECOMMENDATION ON LIBERTY SHOES  AT 95 LEVELS  IN JUST 1 MONTH  STOCK  MOVED UP TO 160 
  A WHOPPING 60%  MOVE
PLZ CHECK THE LINK BELOW FOR OUR EARLIER RECOMMENDATION ON THE STOCK

http://trendzofmarket.blogspot.in/2013/11/its-time-to-change-your-shoes-to-liberty.html

TODAY JUNE 9 2014 :  THE STOCK  HIT 221
FRESH ALL TIME HIGH WE TOLD IT WILL MOVE 100-200% -- NOW 100% MOVE IS DONE MORE IN THE OFFERING

AGIAN ON JAN 15 TH 2014 WE CAME UP WITH THIS REPORT

NOW AFTER HITTING 160 THE STOCK IS FACING  SOME RESISTANCE AT 160 LEVELS  SO WE DECIDED TO HAVE A RE LOOK AT THE STOCK AND FOUND OUT ITS AGAIN A GOOD OPPORTUNITY TO GET INTO THE STOCK FOR THOSE WHO MISSED THE INITIAL RALLY. BREAK OUT RALLIES CAN GIVE WHOPPING 100-200 % RETURNS



LETS CHECK HOW THE STOCK IS DOING NOW AND ITS FUTURE AHEAD

Liberty Shoes stock did not perform for years. That’s why when stock rallied recently, it generated tremendous interest and everyone seems to be wondering: Will this move result in strong out performance?

Question # 1: Where is the Resistance from where it has to breakout?

Here’s the weekly chart of Liberty Shoes

Is the resistance at 125 or at 160? The question has come because Liberty Shoes stock managed a pretty clean breakout above 125 but seems to have stalled at 160 which seems to be another resistance. So, the question: Is 125 significant or 160? It has been seen that when stocks break one resistance, it breaks the following one too pretty quickly.

Question # 2: What about Breakout above 125?

Here’s the weekly chart of Liberty Shoes

The level of 125 was also a significant resistance that worked for years. Hence, the recent breakout above 125 is for real and sets the stock for super gains in weeks and months to come.

Question # 3: Where is the entry opportunity?

Here’s the daily chart of Liberty Shoes

As you can see in the chart above: Liberty Shoes stock made a big move and now seems to be consolidating b/w 142 and 158. Generally such consolidation is a great entry opportunity. Hence, the current decline should be used as entry opportunity. The stock appears attractive between 142 and 148. If stock slips below 140 on closing basis, then one cannot rule out decline to 125. BUT that would not end the Bullish bias of the stock.

Technical studies have shown that when stocks move after many years then stocks shock with their performance on the upside. We don’t know what Liberty shoes stock will do but if we go by history, a strong outperformance appears very likely.

DISCLOSURE : WE HAVE HOLDING IS THE STOCK AND OUR CLIENTS TO HAVE HOLDING IN THE STOCK FROM 95 LEVELS 
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