The Head and Shoulders chart pattern is one of the most bearish signs that you can see in chart.
That was also the case with PTON:
i don`t know how they eventually turn out to corelate with fundamentals and be right.
Since it is still a growth stock, Stitch Fix needs to deliver strong momentum. Instead, Stitch Fix projected that net revenue will drop 10% to 7%...
Technically, the chart looks ugly for SFIX. No recovery in sight as it still finds price action right at the gap down VWAP and very close to the March low's VWAP. It has struggled to for any sort of decent wedge or flag, and the candles look no better. The 21 to 8 EMA cross has not been reclaimed and it doesn't look close yet. If that low wave 5 put in the last...
