Rule of thumb on TA that violation of parabolic advance generally leads to 80% decline in value - see BTC hx - SFIX violated parabolic advance at around 50.45 - see related tweet from Peter Brandt regarding BTC
$SFIX Looking very overbought after an analyst price target increase earlier today. Money flow (MFI) has been on the decline since last week diverging from price action. Expecting a near term price correction.
Targeting $44.00 level at least, we will see if that holds as support...further downside possible.
Note: Informational analysis, not investment advice.
Price completed a 5-wave structure to the upside and is now developing a ABC structure.
We are looking for a long opportunity around the 24.64 region with a fib and structure confluence.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a...
strong momentum in this stock, more then doubeling since its IPO
level of resistence was set at 30$ area
last week earnings push the stock up abive resistance and now 30$ is acting as support
today formed a bullish candlestick - green hammer which indicate that buyers are here
stop below 30$ and target at 35.5
could see 40$ in the not so far future
after a well defined 6 months cup and handle, and proper breakout, a current retest with low volume on the daily chart, allow us to take a long position with a great Risk reward
A cup noticed on the daily chart from Dec27 to Jun22. A handle follows from Jun22 to Jul05 then the breakout on Jul06 above $30. Considering the depth of the cup (about $10), the target price is $40 and the stop loss price should be $25. There is no typical rule telling us when the target price would be reached; SFIX is a young stock but we have two occurrences of...
SFIX retraced today to close at 62/38 Fibonacci of last upwards move. The earnings call scheduled for Mar 12, 2018 at 5:00 PM Eastern could act as a catalyst to retest 30s. Expect some bag holders who bought late in 2018 to bail when they see the green light, increasing the odds of the beloved "gap and trap". Lots of short interest, and lockup expiration coming...
After an ugly first two days of trading, Stitch Fix (Nasdaq:SFIX) found a nice round bottom and tested its IPO highs with a bullish cup and handle pattern (aka cup with handle). There is also a bull flag, which may repeat this week, pushing the PPS to 23, the fib extension, before the year end.
