First,let us take a step back look at the weekly chart
Taking a look at the weekly rsi, whenever the William R falls below -93% it has created a decent bounce.
On the daily it appears to be at the bottom of a downwards channel and also it is reaching support from June 6.
However, that does not necessarily mean it is time to buy right now as there is not...
We sold our calls last week. Now looking at another possible trade. Near bottom of falling wedge so it can still hold and breakout of the wedge for a big move higher. However, if support doesn't hold it can be a good short, China exposure as well.
We entered 35.00c today for 01/31, Will look to add FEB calls here. Double bottom as well as falling wedge. You can see the support are from consolidation in 2018.
Ultimately it will dip to $36-37, before we can see any sign of recovery.
2019 is the year GOOS investor wants to forget about, but we are about to get back to starting line again in March 2020.
We are in economic cycle where market trend will definitely impact this stock, so uncertainty is very high but at $36-37 entry point, our Risk to Reward ratio is very attractive.
Bearish looking short term, may be good entry under $45 if gets there again.
Need some solid news or really pretty earning report to push this up a notch. Winter is here and hopefully sales is picking up.
Got to be brave to get in before earning as anything could happen.
Canada Goose has taken quite the hit over the last year as it essentially lost 50% of its numerical stock value. However, what traders must realize is Lululemon essentially went through the same process years ago when it surged from basically nothing to about 85-90.00 and also lost 50% of its value to near 40-50. Now, its about a 260+ stock.
In this case because...
Send it after retests this most recent little pump out of the channel around 43.75. R:R posted fairly safe trade. Quarterly earnings posting soon for GOOS.
Company is known for under promising and overdelivering EPS should be good news for shareholders
send it bb
Canada Goose has dived sharply because of the sad report, which implies it's too fat.
Will the cold goose ascend or descend in the future?
I think it can still fly for because there is a good demand zone below the current price.
So don't worry about the dive, believe that white goose.
Buy at 28-33
SL: below 28
TP1: 43
TP2: 49
White goose like white swan, it will...
Goos chart showing nice expanded flat correction after having completed it's extended 5 wave impulse.
This company is fundamentally solid, and displaying clean technical patterns.. to me, it's is a no-brainer long, & hold.
Looking for ramp up on C with targets exceeding our B wave peak. Additional fib targets in blue. Looking to add on any dips to the grey support box.
