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Flightschool
Mar 9, 2021 5:05 PM

SFIX trend catch Short

Stitch Fix, Inc.NASDAQ

Description

There's no real unique business model here and they do not separate themselves from competitors
More importantly we like the technical setup
1) MACD crossing at a good point
2) current strong trend to the downside
3) R = 1.77

This one will have to be monitored and TP moved to lock in a better R later. If we were earlier in the trade it wouldn't have to be the case.

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