Crocs has been running since last summer. Now after a three-month pause, the footwear stock may be poised for upside continuation.
The first pattern on today’s chart is the bullish price gap after earnings beat estimates on February 16. CROX tried to rally but falling MACD dragged prices lower at the time. The oscillator proceeded to stabilize and turned higher...
Crox is amidst forming a topping formation in the pattern it is in. I think it has little gas in the tank and if the top confirms, I will look for an entry. Zoom in to see my play. Should be quick, 6:1 risk/reward. For longer term shorts, 50% retracement should be around $125, but I would imagine it could form a Bearish Head and Shoulders (the longer term path is...
Price in clear uptrend with the major MA sloping up
Recent earnings good and came with a gapup
execution on the base formed and break up of it
SnP500 and NQ Showing sign the retracement is ending and a new up swing is in motion
Stop if close firmly below 120, or a very strong selloff Price Action
TP1: at prev swing high arnd 143.5 take 3/4 out
TP2: arnd 150 ,...
I see some potential bearish patterns here. Is very early to tell but if it happens is going to fall very fast like it did before. The big rejection at the $140 level tells me that the price is losing steam and it can turn around at any moment. I have a short position. I know I could take a few more days to build up, I'm waiting.
holding above trend support zone/local trend support and RSI, this is what we call nice cluster support!
good chances we bounce here and head to 130_ soon, boost and follow for more.. thanks <3
THE CONSISTENT TRADES analyze CROX as a bullish/strong fundamental stock and therefore would be traded only in a long position.
CROX had a nice and strong move up and after extremes in RSI and MACD it cool down. The top of the leg which finished with a bearish reversal candlestick pattern Shooting star was on lower volume which indicates there is not real drop...
Massive inverse head & Shoulder breakout on this chart, supported by elevated volume. Got to hate the shoes - but hard not to love this chart. Lots of upside for relatively low risk
CROX is up 28% since breaking out from a 3 month sideway consolidation in early Nov2022. I posted about it on 6 Nov and placed a tight stop just under it's last bullish candle @ 76 and was never stopped out.
It is now forming a bullish pennant (a positive) just under a horizontal resistence zone 109 - 111 (a negative). the chance of breaking up or pulling back...
Stock analysis – CROX
CROX has recently been included in my portfolio due to its impressive fundamental data and strong technical performance throughout the macroeconomic headwinds.
Fundamental picture
In the last 3 years CROX earnings per share (EPS) has surged 117% and sales have climbed 43%. These exciting numbers are backed up with consensus estimates...
CROX broke out of an Adam & Eve bottom on 29 Jul, however it began to trade in a wide sideway range for the next 3months. Part of the reason could be due to overall market weakness / bearishness and traders/investors were not bullish enough to want to push the stock decisively higher until they can see at least another round of earnings beat/guidance.
With the...
Despite the sharp pullback last week, CROX did not break the near term support (adam & Eve neckline), and still forming higher highs and higher lows right now.
Stronger resistance coming up around $84 so watch out here.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't...
Revenue for this quarter is projected to increase by more than 40%, but after the rapid growth, the paper should unload slightly and then continue to grow. If after the report there will be a drop - you can safely buy the shares.
CROX has the potential for a bigger run as it broke out of an Adam and Eve formation with strong volume, and prior to that there were already several strong volume days (stealth accumulation!) during the base formation. Any near term pullbacks will be opportunity to long, with the neckline likely to hold as immediate support (~$65).
Could face some headwinds as...
The stock has been slowly retreating and has a pronounced down trend on the daily time frame. Taking that cue and the past
activity using supply zones have curated this trade to participate in the next move down.
