GOOS with multiple daily inside bars and an hourly eq that broke bullish but bears smacked it down on big volume - a bit of a red flag. Let's see if the next resistances can break and if the bulls can do it on 250k shares in the first hour of trading
Don't worry, if the bounce doesn't get going tomorrow, I have plenty more goose puns left.
Swinging a position again for an oversold bounce, here's what I'm watching heading into tomorrow - green lights red flags, and everything in between.
I'm watching Canada Goose for a bounce after being absolutely crushed today on its highest volume day ever. Hourly RSI fell in one straight shot from overbought to oversold, I have swung a small position and will add into weakness if things get more extreme tomorrow. I haven't fully identified profit targets yet but I do have a trendline I would look for price...
Nice productive consolidation for GOOS.
Found some support, from the previous swing high, holding the earnings gap, and currently above 10EMA.
In the next several sessions if we can consolidate by putting in either some doji's or inside bars then look to buy an upside breaks with stops below current lows.
GOOS looking to be setting up a decent 4 hour pullback long to the 20 EMA.
Daily Trend: UP
The doji on October 6, 2017 shows weak longs selling their positions early as prices auctioned lower however prices quickly auctioned to the upside causing any early sellers to get trapped and potentially having to cover in the near future.
A close above 26.47 would be...