SHOO experienced a significant upsurge, climbing from $30.35 to $44.23 from September to December, followed by a typical pullback of approximately 10.67% from its peak to a low of $39.45.
This correction is viewed positively as it likely indicates the elimination of less committed investors.
Notably, on February 7th, SHOO's price action dipped below the January...
Interesting opportunity for $NASDAQ:SHOO. Large price range in response out earnings. It wicked out of this symmetrical triangle, reversed when it ran into the VWAP from ATH, and then fell back to the VWAP from Februarys beginning of the formation. SHOO has slow but steady fundamental performance over the past 5 years, but isn't a strong fit with my long term...
Bounced off a long term trend line
Higher low, seller exhaustion. Bull market has not been confirmed. Simply common retraces we could see. I look towards 50 percent corrections of the entire move . Will look into the lower time frames at a later time.
For Trade #1, refer to the linked related ideas below for reasons why I bought shares there
//The exit strategy (price close below the EMA ribbon) will be ignored if not already in profit and/or haven't hit 3R. Keep the trade on as long as the stoploss hasn't been hit yet
For Trade #2, TSI Shadow bullish crossover occured. I mark a line on the HIGH of that...
