strong momentum in this stock, more then doubeling since its IPO
level of resistence was set at 30$ area
last week earnings push the stock up abive resistance and now 30$ is acting as support
today formed a bullish candlestick - green hammer which indicate that buyers are here
stop below 30$ and target at 35.5
could see 40$ in the not so far future
A cup noticed on the daily chart from Dec27 to Jun22. A handle follows from Jun22 to Jul05 then the breakout on Jul06 above $30. Considering the depth of the cup (about $10), the target price is $40 and the stop loss price should be $25. There is no typical rule telling us when the target price would be reached; SFIX is a young stock but we have two occurrences of...