VFC - a low quality stock with earnings and revenues decreasing the last 3 years - currently offers a good risk/reward ratio short position.
Stoploss set right about previous high of $82, target set for $74.5 which is above an important resistance level of $72 and POC of $74.
"VFC": {
"info": {
"close ": 80.45,
"marketcap...
VF Corporation, the long-standing parent company of some top name retail brands such as North Face, VANS, and Wrangler, lost 10.8% of its stock value on Friday. That being said here is the analysis and my thoughts:
Analysis: As the chart shows, a strong inverse head and shoulders pattern began to take shape around 31 Jan, with a completion of its pattern on the...
This one is going thru the roof! Wow is it a rare find to see a monthly bull flag like this. This one is going thru the roof. It will be joining my 2018 collection. You can scroll up and down the time frames. They all look good. I wish I could tell people there is more complexity to this stuff. Bull and Bear Flags are consistent winners.
VFC Gapped up on Earnings. Inside Day candle, looking like a pennant pattern, Hourly shows a nice tweezer top - so would expect it to break bullish, although, if it pulls back, 67.20 is longstanding Resistance/Support, but more likely, will bounce off the 10 SMA at around 69.
Bullish entry - 70.52 (or higher depending on the next candle) x 69.00
Bearish - wait to...
Thesis:
Long VFC
The name has been trending higher across time frames and recently gapped higher on heavy volume and is heading towards all time highs.
Confirmations:
1. Higher highs on Day chart
2. Higher high on Week chart
3. Above 8 Day EMA
4. Above 21 Day EMA
5. Above 8 Week EMA
Contradictions:
1. The price is currently below resistance so this...
Downtrend line has been broken. Time to get in and buy! Bullish trend reversal and bullish indicator shows a good opportunity for the next 6 month - a year. If stock breaks above all time highs, I would definitely hold this stock.
