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...
SFIX gap down following disappointing earnings and not-so-bright forecast for the next quarter. Same thing happened with INTC twice over the last year and we saw how it was just an over-reactionary sell-off as it quickly rallied up after a continuation sell-off for a week or so. SFIX's fundamentals are solid assuming that shipping problems don't disrupt the...
Amid yesterday's tech rally, SFIX opened the session gapping down about 24% after reporting a surprise Q2 loss and lowered full-year guidance.
Notably, this drop sets the focus on the previous all-time high of $52.44 set in 2018. During the first minutes, the shares tried to break above this watermark, but ended up closing the session below $50.
In the near...
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There's no real unique business model here and they do not separate themselves from competitors
More importantly we like the technical setup
1) MACD crossing at a good point
2) current strong trend to the downside
3) R = 1.77
This one will have to be monitored and TP moved to lock in a better R later. If we were earlier in the trade it wouldn't have to be the case.
tockonomy Weekly Pick 02.22.2021
$SFIX has been trending upward on strong volume since December's earnings beat.
$SFIX has pulled back recently to 61.8% Fibonacci levels along with an Oversold StochRSI reading. Sideways price movement has confirmed that support.
Expect $SFIX to continue its uptrend in the coming weeks.
Stockonomy Weekly Pick 02.15.2020
$SFIX has been trending upward on strong volume since December's earnings beat.
$SFIX has pulled back recently to 61.8% Fibonacci levels along with an Oversold StochRSI reading. Sideways price movement has confirmed that support.
Expect $SFIX to continue its uptrend in the coming weeks.
SFIX 1-3 week horizon
It seems like we just finished wave 4 and price currently pivoting for a wave 5 move. Price currently at the bottom channel and 61.8% fib area and 21ema which seems to be holding.
MACD lines pointing down but histogram suggest bears longing momentum. Stochastics is at oversold level ready for a move up.
Disclaimer
I am not a...
Stitch Fix is in the midst of an explosive rally, and now the shares are pulling back.
This chart compares the current pullback with the previous bounce that began on January 12.
First, notice that SFIX retraced about half its move between December 7-22. It’s currently relinquished a similar amount (61.8%) of its second move January 12-27. That may suggest the...
SFIX has been selling off for the past week and a half. It also broke out of the short term down trend. If it can clear $86.84 area, it has room to possibly gap up to $102.60. That could take around 1-2 weeks. I am not a financial advisor and I can be 100% wrong; not to mention I am still fairly new to this. Just an idea, trade at your own risk!
Took a start position in $90 puts last Friday at the 1.61 extension level after the stock doubling in the last two weeks. Expecting a sharp correction on all these hype stock soon as the hype dies down but at the very least looking for a retracement to 85-90 next week on SFIX.
