YETI 1D chart. no technical analysis today just some thots YETI Going down u can c where on my chart ok lets begin YETI going down to get more customers market need more money to come inside the market and when supply get demand and price is correct traders start buying so price will go back up people is going to buy because it start getting more expensive...
based on my current knowledge triangles must have contracting vol and with rsi validation.
this is not trading advice, for education purpose only.
Best of luck trading
YETI is very extended to the downside, beyond its bollinger band and below 10 on the stochasitics indicator. I believe there will be a relief bounce bring this back up to true range value around $26-27
Yeti was a long for me at the beginning of the year, as I thought it would have nice growth potential. The chart, however, tells a different story. Until it reestablishes a new positive trend of higher highs and higher lows, I'm short.
YETI had a failed breakout of the ascending triangle and has promptly broken down from the triangle. It retested and is following through to the downside. Looks like a great short opportunity.
Baby, it's cold outside.
Barstool Sports is really going to have to up their shilling of $yeti products in order to deal with the disgusting price structure, massive short interest, and global pandemic!
I picked some 3/27/2020 30$ puts for 1.29$, some 7/17/2020 25$ puts for 1.5$.
Creating the low base of channel....Hanging around the low since the coronavirus news still making headlines let’s see next week if it pushes upward as it should if it’s following the channel. It has (followed like most) stocks gone down 5% or more in some cases.....
This creates a nice BUYING opportunity....creating a bit of an oversold position if there such a...
Yeti— closer LOOK! 15 min chart up!
Looking ready to turn the corner into this coming week. Positive results. Just needed to consolidate to allow buyers in—- and gain a support level bottom before the reversal move. IMO.
Please do your own DD. & Homework before any buys and sells... and seek professional investing advice.
YETI --- ready to turnaround now!! reached low..... after terrific quarter reports ---- YET now reached the low of the channel and soon to reverse back upwards!! --- This is a 2 hour channel - view --- with the larger duration view in the background!! Lets go. IMO
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Disclaimer:
Always do your own due diligence, full research,...
YETI is struggling to turn a profit and losing momentum.
If Q1 earnings miss, I do not expect $38 to break. YETI may need to shave off $10 and retest $28 again.
This has been in a wide range consolidation since April 2019, approaching the all time highs and sticking within the ascending channel verified multiple times throughout 2019. This lengthy consolidation is healthy, and if the upcoming ER demonstrates continued growth and brand loyalty with YETI products- the upside here will continue. Think lululemon & black...
YETI -- pulling back on the weekly channel from what i see.... (some profits already taken at the top of the channel) --- The stock may be reluctant to continue climbing as it approaches its earning report.... we shall see.
I always say— take your profits when they present themselves and later buy back in on the low of the channels—-just my opinion.
It is just following the channel that I saw!! ....
And the stock reached its top.
Please do your own DD homework on any stock. These are just my humble opinions that i write about. Any articles OR CHART WRITE UPS, are not to be used as...
Get those contractions...kidding, so for my own amusement got the main trend with bottom support, value area, and break out. Pretty straight forward. Personal opinion.
