If you haven`t sold SFIX after the disappointing earrings:
or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of SFIX Stitch Fix prior to the earnings report this week,
I would consider purchasing the 4.50usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $0.17.
If these options...
If you haven`t sold SFIX here, after disappointing earnings:
Then analyzing the options chain and the chart patterns of SFIX Stitch Fix prior to the earnings report this week,
I would consider purchasing the 3.50usd strike price in the money Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.48.
If these options prove to be profitable...
On the above weekly chart price action has corrected 97% since the sell signal printed in February 2021. A number of reasons now exist to have a long position, including:
1) You know why..
2) Price action and RSI resistance breakouts.
3) Price action prints a double with higher lows in RSI.
4) Stochastic RSI prints hidden bullish divergence, fantastic.
5) No...
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%...
SFIX stock performance in comparison to:
1. Consumer Discretionary Index (XLY)
2. Gap + Nordstrom (general - clothing retailers)
3. Rent The Runway (key competitor)
Indicators to describe current overbought vs oversold conditions:
1. RSI = Relative Strength Index
2. MACD = Moving Average Convergence Divergence (direction change based on moving averages)
3. ...
Earnings watch 3/8 post-market:
SFIX
BMBL
MDB
ATER
FIGS
CASY
WTI
CRCT
CDMO
SUMO
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of...
SFIX price action has been steadily down trending since 6/2020. November earnings created a gap down that has consolidated through the holidays.
I am looking to take advantage of a continued downtrend with Put options.
Trade factors
1. Tight squeeze.
2. RAF nearing the midpoint. Not there yet, so I will look to buy the puts at a higher than 1/7/22...
Stitch Fix has announced that its Board of Directors has approved a share buyback program under which Stitch Fix can acquire up to $150 million of Class A common shares. This statement pushed the stock up by 10%. But is there still potential?
- The price is in the zone of long-term support (since 2018).
- From the point of view of waves. We have completed the 3rd...
From a technical standpoint the stock is in a strong downtrend. From a fundamental prospect the company is failing and on his way to getting delisted.
I think you always have to be careful shorting these high short interest stocks because a short squeeze can happen from time to time. But make no mistake. It's going down.
After the heavy downtrend and a possible sell out - price should now stabilizise & gain some momentum.
so a correction move to about $25 is favoured.
RISK : a restest of the recent lows cannot be ruled out, but the next bigger move is up.
Calls bought to see this stock move back up. Targets are on the original $SFIX post published on 9/21. (link below)
These thoughts are my own ideas based off my own analysis. Please do your own research before putting your own money into the markets.
Stitch fix has strong negative momentum i will wait until this cools of then add it to my portfolio when supply chain issues are relieved this will be a lucrative company
We see the triangle now. Unless we break it upwards, no need to jump the boat.
Need to wait and see roughly 1 week before I open a position. If we break up, then following fibo levels, we are good to go 40+
