THE CONSISTENT TRADES analyze CROX as a bullish/strong fundamental stock and therefore would be traded only in a long position.
CROX had a nice and strong move up and after extremes in RSI and MACD it cool down. The top of the leg which finished with a bearish reversal candlestick pattern Shooting star was on lower volume which indicates there is not real drop...
Massive inverse head & Shoulder breakout on this chart, supported by elevated volume. Got to hate the shoes - but hard not to love this chart. Lots of upside for relatively low risk
CROX is up 28% since breaking out from a 3 month sideway consolidation in early Nov2022. I posted about it on 6 Nov and placed a tight stop just under it's last bullish candle @ 76 and was never stopped out.
It is now forming a bullish pennant (a positive) just under a horizontal resistence zone 109 - 111 (a negative). the chance of breaking up or pulling back...
Stock analysis – CROX
CROX has recently been included in my portfolio due to its impressive fundamental data and strong technical performance throughout the macroeconomic headwinds.
Fundamental picture
In the last 3 years CROX earnings per share (EPS) has surged 117% and sales have climbed 43%. These exciting numbers are backed up with consensus estimates...
CROX broke out of an Adam & Eve bottom on 29 Jul, however it began to trade in a wide sideway range for the next 3months. Part of the reason could be due to overall market weakness / bearishness and traders/investors were not bullish enough to want to push the stock decisively higher until they can see at least another round of earnings beat/guidance.
With the...
Despite the sharp pullback last week, CROX did not break the near term support (adam & Eve neckline), and still forming higher highs and higher lows right now.
Stronger resistance coming up around $84 so watch out here.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't...
Revenue for this quarter is projected to increase by more than 40%, but after the rapid growth, the paper should unload slightly and then continue to grow. If after the report there will be a drop - you can safely buy the shares.
CROX has the potential for a bigger run as it broke out of an Adam and Eve formation with strong volume, and prior to that there were already several strong volume days (stealth accumulation!) during the base formation. Any near term pullbacks will be opportunity to long, with the neckline likely to hold as immediate support (~$65).
Could face some headwinds as...
The stock has been slowly retreating and has a pronounced down trend on the daily time frame. Taking that cue and the past
activity using supply zones have curated this trade to participate in the next move down.
Trading for to cheap company growing solid and just had great earnings. Fractal taken for the bottom of the 08/09 crash and run up. Updated version first time messing around with fractals.
Trading for to cheap. forward pe around 5. Fractal taken from the 08 crash/recovery. Looking for 150+ to start scaling out. 250+ probably hopeum. First time messing with fractals.
Earnings 5/5
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Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading...
Let me start off saying that i hate Crocs and i will never own a pair, but i recognize that other people like them and in a way Crocs can be considered the new age Sandal.
The Juice
I'm no expert at any of this, but even i can see that Crox is undervalued by A LOT. Their recent acquisition of HEYDUDE shoes that costed them 2B in debt is what seems to have...
