Watching for pullback to Buy - I like the IPO balance building here. Looking for under $24 to scoop
sitting on support line and now with bullish RSI divergence 12months stock forecasts are 24, 26 and up to 30.. not a financial advice
SFIX retraced today to close at 62/38 Fibonacci of last upwards move. The earnings call scheduled for Mar 12, 2018 at 5:00 PM Eastern could act as a catalyst to retest 30s. Expect some bag holders who bought late in 2018 to bail when they see the green light, increasing the odds of the beloved "gap and trap". Lots of short interest, and lockup expiration coming...
Buy: 21.45 Target: 22.61 - 25.46 (5.41% - 18.7%)
After an ugly first two days of trading, Stitch Fix (Nasdaq:SFIX) found a nice round bottom and tested its IPO highs with a bullish cup and handle pattern (aka cup with handle). There is also a bull flag, which may repeat this week, pushing the PPS to 23, the fib extension, before the year end.