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 may be an obstacle to price moving higher and breaking out above all time highs.
Trade:
Long
VFC
Related Trade:
None
Disclaimer: All charts are for informational purposes only and should not be considered recommendations to perform actions related to securities.
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 may be an obstacle to price moving higher and breaking out above all time highs.
Trade:
Long
VFC
Related Trade:
None
Disclaimer: All charts are for informational purposes only and should not be considered recommendations to perform actions related to securities.
Comment:
This name owns brands such as North Face, Jansport, Riders Jeans, Timberland Boots.