IamNomad
Long

$FIT possible consolidation before rise up

NYSE:FIT   FITBIT INC CLASS A
102 2 3
*I DO NOT ACTIVELY TAKE RETAIL TRADES, USE YOUR OWN JUDGEMENT*

BULL
  • huge earnings surprise
  • double bottom at 11.89.
  • index still in uptrend
  • fitbit gear trend still increasing. no great competitors.


Bear
Problems getting over 15.95 which has created resistance, even with a the surprise better than expected earning.

Other:
tight ranges mean it might be a long hold. Might not be a great trade is you want to just be in and out in 3d -> week.


Possible trade plan might look like:
buy below 14.40 , above 13.79
take half off entering or touch resistance level ,
start looking to sell 18.4 w/ possible target at 19.42
stop at 13.

Comment: fit now entering the sell block. taking some off tommorow at open
Comment: fit closed @ 17.15. 70% taken off
now that you've taken some off, it can moon
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IamNomad PRO IAmSatoshi
im good with that profit is profit.
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