Hey what's going on team, it's ricky with tackle solutions, and i thought this stock would be pretty interesting for some of you guys that are watching right now, so this video is going to be pretty short and sweet. I hope that i earn your thumbs up and please consider subscribing, so this is bgfv stock, so this is big five sporting goods and, as you guys can see for the past year, i was actually trying to look a little bit more into it on what has Been causing it to stay so consistent as it didn't always necessarily trade. This way, i don't know if big five sporting goods is part of the meme stock movement. I looked a little bit into it and it looked like it did pick up uh some activity during that same time, but when looking at this on the day chart, you know there's three things that i personally really like to focus on uh and i just want To share that with you, if you agree, let me know if you don't agree, then let me know what meets your criteria, but there's three things that i find very attractive about.

A stock big picture right is when it's consistently bullish overall, a big picture or a large period of time, meaning that looking at bgfv on the day chart, i can see back as far as a year right and i can see that it's been consistently trading above This green line, which is the moving average, indicating signs of an uptrend like we all know it is much easier to make money when the direction is in our favor. So from where we were last year to seeing where we hit on overall highs, that's 680 percent and weight based off of where we're at right now, that's still 328 uh. Also, i like to see some form of consistency right and it's been consistently holding and trading. Above the moving average - and you guys can see just the uh the length of my moving average is 200 right uh.

When looking at this on the four hour time frame uh, i think you get. You can begin to see things a little bit more clear where um you know it peaks, it pulls back, it stays pretty stagnant kind of plateaus for quite some time and then all of a sudden. If you look at this, this is what i pointed uh. What i want to point out, which is why it kind of raised some concerns of like you know, is this stock being hyped up? Is there some form of you know meme stock movement behind it, because all of a sudden it goes from like very low volume kind of plateauing to all of a sudden beginning to indicate signs of an uptrend, and you can see the volume activity, obviously picking up Where the price action begins to follow it peaks and literally within what is this about a week and a half? It goes from lows of 25 to highs of 47, which is an 89 return, and now it brings us to today right today it dropped 13.

It pulled on back to previous lows we're approaching again that 25 24 support range, which is why i'm talking about it. I like focusing on, like i said, first bullish stocks. Second, consistent stocks and third good deals based off of previous trading prices and because you can see that it was previously trading at 47, and not only just once, but it's done this before, where you know it just picks up randomly breaks above the ema line, and Then really gets going and begins to indicate signs of an uptrend and even on these previous rallies right from lows of 20 to highs of about 35. That was a 70 run, and it does this within about a week to about 10 days.

So what i'm? Picking up when it comes down to big five sporting goods is like this stock is definitely not going to be for everyone, because this stock is something that you're going to really have to test your patience on and set effective alerts, because it doesn't make sense to Be invested in big five sporting goods when it's not doing anything right, that's kind of like one of the worst feelings when you have money stuck in something and it's just consolidating. So if anything, let's set effective alerts, let's wait for actual indication and activity of an uptrend and then once we actually begin to you know get these alerts triggered up here. Then we can ask ourselves: do we have that same type of momentum and activity that we had before and would it make sense to get in at around? You know 25 26.27 to be able to potentially sell at forty four dollars right, even uh in a perfect world which, obviously, we do not live in from where we're at right now to previous highs. That is eighty four percent return.

Even if i capture 20 of that right, i'm i'm not a perfect trader. I don't know if you are right, but out of big margin like that, i like to keep it very realistic and if this stock begins to indicate signs of an uptrend, i don't need to make 84 right. I mean that that would be amazing. But realistically i like to wait for confirmation i like to average up, and i like to sell early.

So knowing those things about me, i probably wouldn't hold until the very top. I would really you know, be reluctant to uh or really be eager to lock in profits uh as soon as i see any indication of a resistance level, and i'm okay with that. So that's why i thought i would talk about it because of how much it has pulled back and how much potential there is. If this thing begins to actually indicate signs of an option but, like we all know, there's two sides to every opportunity.

So let's go ahead and set an alert if this thing breaks below 20 to 20, which was a previous support level. So, like we all know, everything is great when it's indicating signs of an uptrend, but as of right now, big five sporting good stock is pulling back it's selling off and just because it's cheap doesn't mean that it can't get cheaper. The reason i'm talking about it is because it's cheap and because of its overall direction, so this is a good time to watch it, but it doesn't mean that it's a good time to buy it. Why? Because we can continue to drop patterns, tend to repeat themselves.

They don't always have to, and especially, if you're a beginner, you need to take risk management into consideration. Yes, it's easy to buy a stock and hope that it just recovers randomly. But it's so much more effective, at least in my experience to wait and set alerts and to wait for confirmation of an uptrend. And once we get that indication of a reversal.

And we really see that activity happening, then that's when it makes sense to take action and follow up with this doc and ask yourself that simple question is now the time to buy bgfv stocks. Let me know in the comment section what you guys think about that. Other than that, i hope and wish you guys an amazing weekend. I hope that this video earned your thumbs up and, if you guys, like bgfv stock, big five sporting goods, just make sure you add it to your watch list, you don't need to buy it, but make sure you set effective alerts both on the upside and the Downside so, like always, let's make sure that we end the year on our green now.

Take it easy.