May run up to 71s tomorrow at market open but I wouldnt expect much more than that.... SFIX has a big drop coming with the market.... I think todays earnings pop was pretty clear it was going to happen. I would be very surprised if it gets much further before coming down... but you never know. I just know if you arent in it, now is probably not the time. If...
Stitch fix was a beneficiary of the Santa Claus rally. Then it got dropped hard and is right back where it started. Might be as good a time as any to get back in.
You can mimick candle sticks on this for patterns. I did just that.. The white candle sticks. This is how I see this stock going. This bottoms out in January, 2022, 8 months from now. Is this when we see bottom to the market or do we fall faster? What is your take?
The setup is amazing. It stays under that downtrend line and possibly it will go down to 42$ level and start making higher highs and higher lows which means it is in an uptrend. So, i will be watching it very carefully at the support and at the break. Also, you can use the SMA20 as a resistance for now and might be used as a support soon. 😁🤞
-If you have any...
Technically, the chart looks ugly for SFIX. No recovery in sight as it still finds price action right at the gap down VWAP and very close to the March low's VWAP. It has struggled to for any sort of decent wedge or flag, and the candles look no better. The 21 to 8 EMA cross has not been reclaimed and it doesn't look close yet. If that low wave 5 put in the last...
SFIX gap down following disappointing earnings and not-so-bright forecast for the next quarter. Same thing happened with INTC twice over the last year and we saw how it was just an over-reactionary sell-off as it quickly rallied up after a continuation sell-off for a week or so. SFIX's fundamentals are solid assuming that shipping problems don't disrupt the...
Amid yesterday's tech rally, SFIX opened the session gapping down about 24% after reporting a surprise Q2 loss and lowered full-year guidance.
Notably, this drop sets the focus on the previous all-time high of $52.44 set in 2018. During the first minutes, the shares tried to break above this watermark, but ended up closing the session below $50.
In the near...
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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There's no real unique business model here and they do not separate themselves from competitors
More importantly we like the technical setup
1) MACD crossing at a good point
2) current strong trend to the downside
3) R = 1.77
This one will have to be monitored and TP moved to lock in a better R later. If we were earlier in the trade it wouldn't have to be the case.
tockonomy Weekly Pick 02.22.2021
$SFIX has been trending upward on strong volume since December's earnings beat.
$SFIX has pulled back recently to 61.8% Fibonacci levels along with an Oversold StochRSI reading. Sideways price movement has confirmed that support.
Expect $SFIX to continue its uptrend in the coming weeks.
Stockonomy Weekly Pick 02.15.2020
$SFIX has been trending upward on strong volume since December's earnings beat.
$SFIX has pulled back recently to 61.8% Fibonacci levels along with an Oversold StochRSI reading. Sideways price movement has confirmed that support.
Expect $SFIX to continue its uptrend in the coming weeks.
