CROX STOCK LONG,
LONG FORM $132.86 Which was touched on after hours on 04/04/2024
THOMAS DEMARK 2 HIGH POINTS STRATEGY ON WEEKLY CHART!
LONG FORM $132.86
STOP LOSS $123.17
TAKE PROFIT $471
#crox #stockoptions #croxstock
Elliott believed that every action is followed by a reaction. Thus, for every impulsive move, there will be a corrective one. The first five waves form the impulsive move, moving in the direction of the main trend. The subsequent three waves provide the corrective waves.
In line with my general expectation of a consolidation coming across the board until the end of Q2, Crocs may be building this giant Wave 4 triangle, finishing in and around June (?) looking into a 6x from the E wave low.
Crocs Inc. ( NASDAQ:CROX ) recently stunned investors with its fourth-quarter earnings report, surpassing expectations despite headwinds from the HeyDude brand and broader economic uncertainties. As the company charts a course for continued growth in 2024, let's delve into what's propelling Crocs to new heights and why investors should take notice.
Unveiling...
If you haven`t sold CROX before the previous earnings:
Then analyzing the options chain and the chart patterns of CROX Crocs prior to the earnings report this week,
I would consider purchasing the 107usd strike price Puts with
an expiration date of 2024-2-16,
for a premium of approximately $3.90.
If these options prove to be profitable prior to the earnings...
Crocs, Inc. (NASDAQ: NASDAQ:CROX ) is making waves in the footwear industry, with a recent surge of over 20% in its stock value following the announcement of impressive early 2023 results. The company's CEO, Andrew Rees, revealed that 2023 was a robust year for Crocs, marked by a successful holiday season and notable market share gains for both the Crocs and Hey...
CROX is now up over 16% MTD, after being down as much as 17%.
While it certainly wouldn't have the same growth expectations as something like the tech sector, the company still seems to be fundamentally sound with pretty consistent YoY increasing revenue, along with massive profit margins and returns on equity.
A short-term reversal may be in order based on...
CROX finally made the U-Turn just in time for December. Currently CROX is 17% away from filling the previous price gap. CROX is approx. 82% away from recent all-time highs. Price is above the 200 day EMA and the 50 day EMA is trending upwards. Crocs are very popular shoes that will probably be under a lot of trees this Holiday season.
Price is facing tons of resistance. I think is going back to the support blue line. I just bought some puts as shown. Also we have a double top that is pushing the price down.
Every time CROX closed above the range with high volume, a uptrend followed.
Will it be the same this time?
Fundamentally, they say, CROX is a steal.
Indeed, if I check the numbers and ratings, it shows me that CROX seem to be a really solid Company.
Although my prior analysis pointed to the Abyss, I now are more interested in a LT buy in CROX.
Let's wait for...
(NASDAQ:CROX) Headquartered in Broomfield, Colorado, Crocs, Inc. (NASDAQ:CROX) engages in the footwear and accessories business. Crocs, Inc. (NASDAQ:CROX) stock closed at $96.84 per share. One-month return of Crocs, Inc. (NASDAQ:CROX) was -6.68%, and its shares gained 32.62% of their value over the last 52 weeks. Crocs, Inc. (NASDAQ:CROX) has a market...
Hello,
Crocs, Inc. engages in the design, development, manufacturing, worldwide marketing, sale, and distribution of casual footwear and accessories for men, women, and children. It operates through the following segments: North America, Asia Pacific, Europe, Middle East, Africa, and Latin America (EMEALA), and HEYDUDE Brand.
According to their website below are...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 85/61.80%
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....
This is just for fun and observation, and has absolutely no statistical background, nor any proven "anything" §8-)
So, what do we have here?
1. The pattern.
The expanding pivot pattern is very known in the trading world of the Forkers. Personally I don't use it very often in my trading to carve any decision making facts out of it.
Others I know relay heavily on...
CROCS is still looking to test the all-time high after this much deeper than expected pullback? Price retraced back about 61.8% which usually indicates that price will begin to find some support and then reverse. Keep an eye on CROCS in the news.
NASDAQ:CROX Crocs is currently sitting on the $91 support area. If the current support fails, it could see further pullback.
Watch the following price levels for support and reversal:
- $81
- $65
The $81 area should be a strong support, as it is also a 200-week moving average area.
I will update the chart when the trend changes.
Like and follow me for chart updates.
