Looks to me that NYSE:YETI may be ready to make a move higher if the market rebounds. So far today it is shaping up to be an inside day (the day’s not over). This may take a few days or weeks to develop so maybe something for your watchlist. If it does not drop below and stay below the range established after earnings, I will look for a good long entry. If it drops and stays the idea is invalidated.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
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I'd like to see NYSE:YETI consolidate under the upper resistance area before breaking out. That would give me a better risk / reward entry. All TBD.
If a break out occurs what would be your target sell price?
jaxdog
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@gjr316, Thanks for the question. I do not set price targets. I sell 1/4 position at 5% gain another 1/4 at 10% gain then let the remainder ride until there is a reason to sell, like undercutting the 21 ema or something like that. Hope that helps.