swara7kadir
Long

SFIX good day trade on either side but more bullish

NASDAQ:SFIX   STITCH FIX INC
SFIX has an interesting daily chart , currently it has gaped up above all its major moving daily averages. Looking at the 5 min chart, you can see that its making lower highs and is showing weakness, but it has got a lot of support to got through, so I am more inclined to take it for a long if it starts showing strength and gets above its vwap and 20 ema . I would go long on it as that stage and add to it if it clears the 32.22 daily pivot that I have drawn. This long setup would work if the SPY works in favor and stays above the 20 ema daily.

Comments

Great setup following you now! About to post a trade aswell, have a look on my profile and let me know about it buddy :)
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swara7kadir DACapitalTrading
@DACapitalTrading, Thank you DACapitalTrading, I appreciate it
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