The crooked W is there and if the 4th leg has terminated, it did so right above the 1.618.
In the scheme of things it does not matter what the name of this crooked W pattern is, but I think it fits a Deep Crab pattern which often terminates at the 1.618. This could even form a Rectangle and bounce around for a while up there.
I love this stock and it has served me well through the years. Price is above the .382 of the trend up, so I am not buying this dip. This is one of my trading rules I had to invent for a bear market as I have never been trading in a bear market before now. I may regret this decision as this is a ways beneath the high. But it is still over the .382 and I try to stick to my rules.
Possible RSI bearish diversion although it is slight.
ATH is 451.49.
This stock often moves with LULU and can be extremely volatile. If it goes down, which I am guessing it will eventually, it will not be without a fight. When EPS is almost equal to the PE ratio for a stock that is healthy and is still growing, I am impressed so this has been a long term holding for me until recently. Plus I wear Hoka shoes to jog in!
No recommendation.
Short interest is less than 3%. Earnings are 10-27 AMC.
EPS (FWD)
18.06
PE (FWD)
17.71
Div Rate (TTM)
0
Short Interest
2.66%
Market Cap
$8.49B
I guess sometimes I have to let things go when they are just too heavy to hold on to anymore )o:
In the scheme of things it does not matter what the name of this crooked W pattern is, but I think it fits a Deep Crab pattern which often terminates at the 1.618. This could even form a Rectangle and bounce around for a while up there.
I love this stock and it has served me well through the years. Price is above the .382 of the trend up, so I am not buying this dip. This is one of my trading rules I had to invent for a bear market as I have never been trading in a bear market before now. I may regret this decision as this is a ways beneath the high. But it is still over the .382 and I try to stick to my rules.
Possible RSI bearish diversion although it is slight.
ATH is 451.49.
This stock often moves with LULU and can be extremely volatile. If it goes down, which I am guessing it will eventually, it will not be without a fight. When EPS is almost equal to the PE ratio for a stock that is healthy and is still growing, I am impressed so this has been a long term holding for me until recently. Plus I wear Hoka shoes to jog in!
No recommendation.
Short interest is less than 3%. Earnings are 10-27 AMC.
EPS (FWD)
18.06
PE (FWD)
17.71
Div Rate (TTM)
0
Short Interest
2.66%
Market Cap
$8.49B
I guess sometimes I have to let things go when they are just too heavy to hold on to anymore )o: