5/8/24 - vrockstar - this is one i've long loved and wanted to size up in the right situation. the last print was a disaster, but probably not considering the consumer environment. the current px is defn already taking this into account. at 14x PE, net cash, high single digit FCF yields... objectively this is an OBVIOUS buy in a 9-12 mo context (even year-end...
YETI (NYSE: NYSE:YETI ) reported better-than-expected Q1 CY2024 results, with revenue up 12.7% YoY to $341.4 million. The company made a non-GAAP profit of $0.34 per share, improving from its $0.18 per share in the same quarter last year. YETI's Q1 CY2024 highlights included a balanced, double-digit growth across both wholesale and direct-to-consumer channels, as...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 45/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 45/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our...
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...
YETI has been basing for a few months now, showing us clear resistance at 40 (sellers) and with buyers stepping up supporting the stock at HKEX:38 , this set up is showing us HKEX:2 risk with a short term target of the retest of the recent pivot high of HKEX:48 would be around a 4-1 risk reward trade.
YETI Emerged out of a Bear Market as a New Leader
This stock IPO'd in a bear market and help up pretty well.
Formed a nice Cup & Handle. The best cups seem to form in Market Corrections.
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $61.73
Target Price: $63.00
Stop Loss: $59.59
YETI
Short Term View: Long
Descending wedge still has room to develop. Watching for a breakout to the upside and targeting $92 area. Stock has sold off 30% from the top and if it continues its downtrend to the bottom channel it will be -35%. A rebound is likely with upcoming earnings unless the overall market goes into full crisis mode.
Long Term View: Short...
Resistance zone confluence level reached.
Testing the 0.618 of the latest leg down.
RSI divergence at resistance zone on the 1H
MACD cross over on the 1H
We do have earnings coming our soon, be nimble.
YETI is overextended to the downside on its 6th consecutive red day. It has now exceeded the lower bollinger band and is oversold on the stochastics. It has also reached a support bounce area around 85 range. It also has the 200 sma as support. All this considered i believe a relief snapback bounce is in play until 91 range.
-Yeti picked up the trend on the 9-day and as yall can see we pulled right back to it
-we shall see a continuation of the trend as long as we do not fall below the 9-day
-the green cloud is telling us the bullish momentum we got going on so we have 2 confirmations for the entry your third confirmation should be price action on monday and then you can take an entry
