jangseohee
Short

When divergence never exists

NYSE:SKX   SKECHERS U S A INC
299 12 2
This shoe-makers has its unique way of making price action. Never at all on a monthly chart, i can find any sort of bearish divergence to help me enter short.
However, there is this one characteristic that surely is noticeable. Every single time the price reached a euphoric state, it will consolidation from 1-4 months before it freefall.
I would like to be abit different on the highlighted blue area here. I consider that the entire range of Sept engulfing entire range of Aug as Bearish Engulfing where Nison only use the open & close.
Though not entirely that price will listen to me, i made a projection of how price will fall in time to come.
If you graph it against net income.. you will get the same pattern. If you compare it with the S&P500 you get the same pattern except for the fall in 2010-2011 that was mainly due to a constant fall in net income of the company. I believe your idea to be true.. more based on the fact that the S&P500 might be in a correction phase and this is a high beta stock.
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jangseohee DoubleSpark
2 years ago
Good idea mate, whatever i post serve only as education purpose, if it did happen, perhaps just coincident or my analysis is pretty acceptable.
So i would encourage you to verify yourself.
I hope i can get a yearly/quarterly chart here soon, as those painted a different perspective.
One thing is for sure, whenever price flies to high/low away from 8EMA, you will get hard rebounce sooner or later.
My put options for Jan 16, is strike price 58 & 60. i still have 14 months of "Sell & Hold"

Cheers :-)

P.S. "Be fearful when others are greedy" by Buffett
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jangseohee
2 years ago
it is better to have a channel to at least gauge the near TOP/Bottom
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jangseohee
2 years ago
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jangseohee
2 years ago
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euphoria!!!
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jangseohee
a year ago
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121 projection
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jangseohee jangseohee
a year ago
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jangseohee
a year ago
eiffel tower,
rejection
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jangseohee
a year ago
volume increase with lower candle
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IvanLabrie PRO jangseohee
a year ago
But it also closed like a week bearish candle...Maybe hidden buying?
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jangseohee
a year ago
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jangseohee
a year ago
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