- Fundamentals look incredible. Chart is setting up nicely with a nice bottom formation in progress.
- I have started to notice FIGS outfits at more healthcare facilities. A new trend might be on the rise and it could propel this company to a billion club. Current valuation is too cheap I think. This could well be next
CROX
- No position yet, but I will add some for my long term account.
Comment:
Looks for any tightening here for break out of this pattern here
Trade active:
Nice big bullish candle just at the pennant support. will raise the stop to 7 now.
Trade active:
Backtest of 7.5 likely tomorrow on the heels of NKE ER. If it holds, next target will be 10.
Trade closed: stop reached:
I got out yesterday for a breakeven. I did not like the weakness yesterday around the pennant trendline support. There are better set ups available in terms of risk/reward. Will enter as it builds on the daily for continuation.