pipstrading
Long

Long RCKY if it drops back to $10 in Nov 2016

NASDAQ:RCKY   ROCKY BRANDS INC
2 0 0
Rocky Brands was in a nice upward channel since after 2008 financial crisis.

It has recently broke the lower bound of the trend line, but formed a bullish BAT. However, in terms of time, it still need to retest the bottom of $10 or consolidates for a while. The bull should be back closer to Nov 2016.

Upside potential should be the lower bound of the upward trendline. which should be around $18.

Let's be patient for this stock to expect for 80% upside.
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