Yeti— Creating the low base of channelCreating the low base of channel....Hanging around the low since the coronavirus news still making headlines let’s see next week if it pushes upward as it should if it’s following the channel. It has (followed like most) stocks gone down 5% or more in some cases.....
This creates a nice BUYING opportunity....creating a bit of an oversold position if there such a thing on the RSI VIEW. IMO.
BUY when people are fearful.
___________________________________
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
YETI trade ideas
Yeti— closer LOOK! 15 min chart up!Yeti— closer LOOK! 15 min chart up!
Looking ready to turn the corner into this coming week. Positive results. Just needed to consolidate to allow buyers in—- and gain a support level bottom before the reversal move. IMO.
Please do your own DD. & Homework before any buys and sells... and seek professional investing advice.
YETI --- ready to POP --- turnaround now!! reached low.....YETI --- ready to turnaround now!! reached low..... after terrific quarter reports ---- YET now reached the low of the channel and soon to reverse back upwards!! --- This is a 2 hour channel - view --- with the larger duration view in the background!! Lets go. IMO
___________________________________
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
YETI - LongThis has been in a wide range consolidation since April 2019, approaching the all time highs and sticking within the ascending channel verified multiple times throughout 2019. This lengthy consolidation is healthy, and if the upcoming ER demonstrates continued growth and brand loyalty with YETI products- the upside here will continue. Think lululemon & black leggings, kleenex & tissue, ipod & phone, yeti & mug / cooler
Yeti— giving up recent gains!!I always say— take your profits when they present themselves and later buy back in on the low of the channels—-just my opinion.
It is just following the channel that I saw!! ....
And the stock reached its top.
Please do your own DD homework on any stock. These are just my humble opinions that i write about. Any articles OR CHART WRITE UPS, are not to be used as professional advice, or professional guidance in these forums. These are just my own thoughts on any particular stock. Thank you!
YETI - today will signal direction...Interesting 2HOUR intraday trend.
Black bar still showing higher lows as it drops. Let see if it can push higher and stay on track, with the lower volume or drop to the lower channel before reversing back up! It depends on volume and if bears are strong to pull down or just temporary....for day trading.
YETI - 2HR chart (needs to stay above 32.95 to keep momentum)YETI - 2HR chart ---from what is seen in this quick channel is it needs to stay above approx 32.90 level to keep momentum --- when finished at the end of day.... or may risk possible pull down to lower end of the channel (higher lows) before climbing up again... IMO.
Possible to take your gains and buy back in... or wait and see... since volume is not up to the daily average. May need more volume for momentum....
Eventually it will climb. DAY TRADING / MOMENTUM trading...IMO.
YETI - IMPORTANT levels to be aware of.....YETI - IMPORTANT levels to be aware of.....To get to the 12 month target YETI will need to pass certain resistances labelled accordingly on the chart. Another key factor will be its earnings report in FEBRUARY 13, 2020, as they will need to show some solid earnings beating the street.
YETI - Weekly chart telling the story... ASCENDING TRIANGLEYETI - Weekly chart telling the story... ASCENDING TRIANGLE----- Often a bullish chart pattern, the ascending triangle pattern in an uptrend which is coming along nicely. Based on 8 analysts offering 12 month price targets for Yeti Holdings in the last 3 months. The average price target is $40.83 with a high forecast of $47.00 and a low forecast of $37.00.
The average price target represents a significant 30.32% increase from the last price of $31.33. So, it is currently well below the LOW. A Strong Buy is now based on 8 recent Analyst Ratings.
YETI --- Not a true flat top w/ climbing bottomYETI --- Not a true flat top w/ climbing bottom -- but looks like it is trying to go that route. It will need to break through upwards on the tops that are currently seen as resistance. The tops are not "clean". as they are jagged a bit. It is in a downtrend for the moment, regrouping.
Breakout alert set for Yeti HoldingsEntry level $36.70 = Target price $42 = Stop loss $35.50
Very high short interest 40%
p/e ratio 44
YETI Holdings, Inc. engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J. Seiders and Ryan R. Seiders in 2006 and is headquartered in Austin, TX.
YETI (YETI) Breaking out of a narrowing range. Due to the strong Beta of Yeti (2.96 [Stock moves 2.96x as fast as avg of market direction), expect a rip up if the "santa claus" rally truly takes off.
Volume is indicative of a move north, in addition to the clear consolidation, and break through upward channel price of $37.75.
YETI's expansion into international markets and their continued uptrend make for both a great swing trade in addition to a long position in the company.
As always...DYOR