Footwear company Skechers USA has emerged as an interesting growth stock over the last decade. Now it may be completing the final pullback in a six-year consolidation period. First consider the longer-term weekly chart. Notice the 600+ percent rally between July 2013 and July 2015. SKX has essentially digested that move since. However now it’s pulled back to...
long for $50,48
Break out the downtrend line and the soaring just started! wonderful chart
Break out the downtrend line and the soaring just started! wonderful chart
Very nice trendline breakout from SKX after a double bottom on support from the gap and the 50 EMA.
This will be the beginning series of my failed trades that will act as my trading journal. Will be posting these to learn from my mistakes. Failed trade #1 SKX: Mistakes made: 1. Failed to recognize resistance zone and take profits at that zone. - Make sure to expand your chart so you can see the stock from the BEGINNING. Set chart to monthly/weekly time frame...
I got in a $38 put Friday. I feel like price will drop. Details are in photo. I feel like there are many other affordable options out there for the workforce and more to come. Let's see how it works out. Like, Follow, Agree, Disagree! What do you think? * I'm staying in my position regardless. I got into this for the same reason I entered WISH a few weeks ago...
NYSE:SKX is expected to complete a cup and handle pattern. Cup and handle target is 48.3$, breakout point is around 37.6$ and stop around 29.0$. Major resistance sell zone at around 42$ to 44.5$. Hit the like button please if you find this useful :) This is only my own view and not financial advice, do your own analysis before buying or selling Happy Trading!
Hey guys, SKECHERS USA is in a fake downtrend with a bear wick and a strong past sell volume. We observe the TIMEFRAME 1 Min a bull line so all the conditions are met to see the feedback from buyers. It is plausible to go for the next high watch the TIMEFRAME 4H. Then the Daily after is the buyers goal which is on the last previous high in 4H. Please LIKE &...
SKECHERS Daily/hrly demand zone 28.5-27.5
Skechers (NYSE:SKX) reports sales in the domestic wholesale business fell 47.3% in Q2 and sales in the international wholesale business decreased 37.8% during the quarter. Comparable same store sales in the direct-to-consumer business were off 45.6%, including a decrease of 35.9% in the U.S. and 66.9% internationally. Sales in China rose 11.5% during the...
SKX calls @28 OCT 16 2020 Thesis as follows, Holding previous daily level resistance as support RSI 4h,1H Buy signal Bollinger bands bottom Wedge and trendline bottom Holding 0.382 Fib Fundamentals ✅ More sensible to wait for a turnaround in sentiment as I risk more downside but this is a kangaroo market. If this was a trade I would, Exit : $30.2 Stop loss: $25.7
Possible entry $43.59 Target price $47.08 Stop loss $41.75 Fibonacci and horizontal price resistance levels as per chart Earnings highlights Skechers (NYSE:SKX) jumps after comparable sales in Q4 rise 9.9% to easily beat the consensus estimate of +6.3% and outpace peers. The retailer's international wholesale business increased 32.8% during the quarter, the...