As the previous retrace bounce from the reload zone near the 0.618 FiB and broke the 1st resistance that is now the next support to be tested, we can see an upcoming bull trend for LiT with new ATH at 17$ .
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FIT 4days:: Best level to BUY // 60%+ SWING trade...
Hello friends,
Because I saw how well I called out MIK for the gains, I wanted to ask you to hit that ravishing like button until it turns green by profits, no seriously, as much as i loved how MIK Triangle played out this one might be even better, I see such a potential swing trade here on the week chart which makes me want to just get in and hold while it...
$FIT has been accumulating since 2017. $7.09 is a critical resistance.
12 months Consensus Price Target: $6.76
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Thx
Stock Symbol: FIT
I'm getting a crossover signal on the weekly for Fitbit to the upside. It had a large move up and I wish I would of had research this one prior to 2020. We are at a level that price has been rejected by multiple times in the past. Good entry around here. If we can get volume to break high it could be a good return.
Diversify and use 5%...
I was originally really bearish on Pton but when i saw that CMCSA had stake. it might be a fun play now.
"Comcast reports 19.1% passive stake in Peloton Comcast (CMCSA, CMCSK) reported a 19.1% passive stake in Peloton (PTON), which represents over 10.34M shares. The filing does not allow for activism."
Read more at:
thefly.com
Entry 26.60
target 28.00
stoploss 25.60
FIT stock has been one they've followed since August. It's been a tough one to stomach because of the intermittent breakouts followed by long periods of sideways or consolidation trends. The rumors were initially exciting but then concerning because we didn't really know. But happy to see they actually played out.
QUOTE:
Fitbit stock has been one of the most...
$FIT Iron Fly
Buy: 11/22 3p for .13
Sell: 11/22 4p for .55
Sell: 11/22 4c for .44
Buy: 11/22 5c for .19
Net Credit: $0.67 (Max profit if pinned at $4)
BP Reduction: $0.33
The upper trend line comes down off the 6-month chart. A new lower high has occurred.
It's attempting to find support at the 100ema. The potential is there, they just need some good news.
Seems like the media has been vehemently against them lately. "Stay away," etc. I feel a BO is due, but likely temporary.
FIT at oversold and support level ($4.5) on historical level. There is no major news but mixed opinions about products. It may go down little bit but probability of rising form this level is very high due to historical support. With $600M cash and $1.1 B market value, FIT is probably undervalued. It hardly missed the earning report (1.31% down). It is diversifying...
FIT looks like it's consolidating around ~$5.80
Looks like it'll break out around April 10th once it crosses either side of the wedge.
I'm thinking of making a strangle around $6Calls and $5.50Puts
or you could yolo it and by Apr5th or Apr12th $6 calls.
Just my thoughts. Interesting pattern.
I TRIED FIT bullish about 2 months ago and it didn't work. I might consider trying it again on a pull back.
FIT does look like it's in an accumulation phase over the last few months.
