Technical Analysis: VFC Corporation is at a critical juncture, hovering just around the $21 level. A breach above this level could be the spark for a promising upward move. Keeping a close watch on this potential breakout. 🔍
I'm also tracking the possibility of a higher low formation, 📊 hinting at a bullish trend continuation. The current consolidation might pave the way for a strong surge.
Fundamental Analysis: 📈 While fundamentals show a slight uptick in profit margin, it's essential to acknowledge the ongoing market uncertainties. Vigilance remains key in such situations.
Strategy: 🕒 With Q2 earnings results upcoming in October, I'm adopting a cautious stance. 🛑 Waiting for the earnings report could provide the green light we need to make an informed decision. Positive earnings could unleash the bulls!
Let's track VFC Corporation's journey closely and brace ourselves for potential opportunities. 👀
@rich_burattino@rich_burattino Hi Rich, thank you for the feedback. as you can see there was no confirmation to take the trade so I don’t know what is stupid about the idea, the stock had much momentum down and you could see buys on the downside, it took out the previous high but for the extra confirmation we were looking at taking out another, this would give us a more defensive sign to look for a leg up. Can you inform me why the idea was stupid? And what your view is on this stock?