Observation. Notes on chart. It's a bullish pattern, but showing divergences as well as expanded Bands which could mean the end of the current trend is nearing.
Watch-out this triangle formation for a potential move to the upside. Ideally I would like to see a another day down to enter long around 80.00 or at 83.00 break-out. Never heard about this company before, I normally wear more expensive clothes, but looks good on the screen.
Levels for a 3R (risk/reward) trade based on opening price spike low followed by higher high.
If one wants to ride it further based on the possibility of https://www.tradingview.com/v/kbk4UEO2/
then sell half at 3R target and hold rest while moving stop up beneath higher swing lows.
Deckers Outdoor Corp has spent the first half of this year grinding out a weekly pennant after a 100%+ move FY 2013. The interesting part about this 6 month pennant is that it represents the cup to a 2.5 year cup and handle formation. With RSI remaining in the bullish zone, minimal OH resistance, as well as a MACD cross on the daily I'm anticipating an explosive ...
