crox temporarily broke below strong support and filled the gap in the process, looks like a short trap to me!
probably needs some consolidation first but once thats done my price targets are 146.8-161.19-182.97
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Crox reported that it was acquiring footwear company, HeyDude, valued ~ 2.5 billion in cash and shares. Crox also received an price target upgrade from $220 USD to $300 USD and maintains a buy rating.
I highlighted the support i'm using from earlier in the year because I would enter Crox long. There was a gap down not too long ago, and the bottom of the last...
last time crox bounced off this strong trendline/RSI support we saw a 58 dollar rally!
as many of you know history tends to repeat itself in the stock market, so final price target if that holds true here: 203, before this one hits we can look for 163-180 as more conservative price targets.
goodluck, like and follow for more 💘
$CROX Target 139
139 is the target as of this post, but make no mistake... I'm looking lower than that!!
Sometimes you have to zoom out and see the absurdity of it all, haha.
I have no position at the moment but scoping out possible targets to sell puts…
Nothing at the moment though…
GL, and let me know your thoughts!!
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I usually trade both...
Traders, it appears CROX have struck the top of its long term channel and have created a double top. Looking for Crox to retest the original breakout, zone 1 of $163.18 then bounce to new highs. Worse case, zone 2, approx $140 - $139 over/under. Trade safe.
Footwear stock Crocs has been in a steady uptrend since the market bottomed in March 2020. Now it’s pulled back and may be interesting to swing traders.
The first pattern on today’s chart is the 50-day simple moving average (SMA). CROX tested it on Friday and Monday, closing above it both times.
Next, the current area of support corresponds to the September peak...
$CROX recently put out an awesome earnings report which caused a run to new ATHs. Afterwards, we formed a bull flag, and started approaching a key level of support.
This level of support may provide the necessary bounce needed to break out of the flag, and continue charging upwards. Will be keeping a close eye on this one.
Crocs has been one of the pandemic success stories having gained nicely over the last couple of years as people at home sought out more casual footwear.
It might be a little expensive at the moment so don't be surprised if it pulls back a little, but a nice and steady consistent performer overall.
Worth a watch.
Great increases today by publication of results and exceeding expectations. They have at their disposal supports and resistances
Sincerely L.E.D In Spain as of 21/10/2021
someone tell me what this means. I like Crocs. I think that they are a decent company. And Idk. I think this is a descending triangle which I think is bearish but we have low RSI levels, bounced off support and had an inside day.
Is there anything these shoes can't do? One of the best runners ( walkers ? ) over the last 18 months Crocs continue to keep reinventing themselves with celebrity endorsers, designer Crocs, and now environmentally friendlier versions as well.
Had a good move up yesterday against the market and signs are looking bullish.
Some people might say they are embarrassed...
ENTRY: 141.63
SL: 126.06
TP1: 150
TP2: 155
- ADX>20.
- RSI>50.
- Holding around pivot point "P". Optimal if price maintain above it.
- Entry based on breakout from VZ today.
- Strength meter shows weakness so entered with lower risk.
Squeezing inside an ascending triangle,
A break of 147.80 could open another leg to the upside with targets displayed in the chart.
If there is not enough volume, it could get a big rejection and retracement before re trying the break of ATH
nice trend channel here on CROX, i really regret selling my shares from 50 haha. at least i had the right idea. long 141(stop loss 138, price target 145) looking for a quick scalp here, dont expect any crazy parabolic breakout.
Clear rising wedge here. Still not time for breakdown however if we can reach 125 over the course of the next few weeks I’d be interested in opening some puts up in that upper range. Draw and map it out. Set a plan and execute
