We see the triangle now. Unless we break it upwards, no need to jump the boat. Need to wait and see roughly 1 week before I open a position. If we break up, then following fibo levels, we are good to go 40+
This stock got bullish fundamentals, hence the gap up. Today it used the weak market to close the previous gap.
The recent ER has seen a surprise of 256% and a sharp gap up. Shorts will be forced to cover their positions in the next few days and the shorts are above 15% of the float. Not a long term hold, of course. The big spike on volume also is a favorable indicator.
Earnings coming up tomorrow. I was shorting this stock when it was in the mid to high 50s all the way down to the low 40s. I am now a buyer at these levels. RSI in the oversold territory. MACD flipping to green. Seems to be holding a gain on high volume even thru a TERRIBLE day for the market. Its always a little nerve racking buying something on these "market...
These thoughts are my own ideas based off my own analysis. Please do your own research before putting your own money into the markets.
These thoughts are my own ideas based off my own analysis. Please do your own research before putting your own money into the markets.
SFIX has recently pulled into support and held More recently it has formed a bull flag in a $4 range between $44 and $40 Above $44 looks good for a move higher the only downside is that as small as this range looks its still a 10% range in the current flag
Might do a oversold jump up to the 51.50 area.. if it moves, I doubt it makes it past that. Eddie and Sammy would be happy atleast... lets see if it has what it takes. :)
If it breaks that, time to be out though... And no, I don't think that is the bottom, bottom. Just a bounce play.
Down... target is $46 in a couple of weeks. I don't think it's going down any further today, dipped into a small position after the gap fill this morning, might add a little more EOD depending on what happens.
You have a 50d, 200d and a previous close all bunched together. Lots of support. Careful, it’s lighter volume.
Revenue growing but expenses growing just as fast. EPS going the wrong way lately. I can dress myself. SHORT!
SFIX gapped down strongly on 8 March after earnings, leaving a lot of suffering bulls who had betted on the wrong side of this earning. The stock finally hit a low on 11 May and began it's recovery, cummulating to a strong gap up on 7 June, this time on earnings exceeding expectations. However this gap up was right where the prior gap (down) got filled. Those...
WATCHING $SFIX for ENTRY TARGET @ 48.56
Filled teh gap above, I think it needs to fill teh gap below before heading higher. Dangerous play because there's still massive short ineterest so small position in next week's puts
The only reason why this is moving up is because of the market wide short squeeze. I expect this to fill one gap or the other.... I'm bearish because this is a money losing company with no path to profitability. Even garbage companies like OSTK and W managed to become profitable during the pandemic, this one still loses money. If they're losing money when...