warrenbudget
Short

YETI: Gap trading opportunity to go short

NYSE:YETI   YETI HOLDINGS INC
Entering short positions with stop losses at ATH . Target: $18.

Appears we got a reaction at the 1.618 extension , creating the opportunity to reverse and fill the break away gap. Unless a completely new bullish trend is to be established, YETI will want to return to the downwards channel (or at least to the trend of that channel). Although the company probably won't flood the market with outstanding shares on 4/23, this might serve as a sort of gravity for the stock. Also... check this out... the gap was created around $18.80... just above the IPO price. RSI indicates a buying opportunity and Stoich appears to be crossing over. Divergences are clearer on the 30 min.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out