MirekTrading

SFIX bottoming out

Long
NASDAQ:SFIX   Stitch Fix, Inc.
Higher lows in macro view going on. In micro view we have a W bottom, a Golden Cross, bounce off of support with growing volume (not shown here) and MACD turning positive once more. Price action will need to break resistance above (in blue) and re-test as support. Price target 30 in next 3 months. Downside exit if resistance holds and price action back below averages and support.
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