Tried shorting this earlier this week and I recieved 5 fingers to the face.
Friday Sfix recieved a 95$ price upgrade which coincidently coincides with its channel top.
Entry would be 94$,
1st target 84$ (greenline)
stop loss at 96$
3 reasons I'm bearish here
1. reached its Channel top
2.Rsi is 90
3. Completed its price upgrade.
By combing the "Estimated MA" indicator together with the "Turbulence with direction" indicator, we can show estimated SMA lines (dotted lines) in the coming ten days. This bar replay shows how estimated SMA can be a useful tool for predicting price trends and crossover/crossunder of SMA lines.
Note that in a turbulence phase, price movement causes SMA line...
What could've been a short squeeze driven by recent earnings is now correcting, and perhaps falls back in channel.
Green boxes are daily and weekly support levels.
StichFix combines data science and proprietary data with human judgment to deliver hyper personalization at scale, transcending traditional brick-and-mortar and most undifferentiated e-commerce retail experiences. The apparel market is massive. As online shopping continues to take share from offline, Stitch Fix should continue to outpace the market through...
I read this article and im new to this. So if im talking bs just ignore my post! But as it looks $SFIX is going down soon. If you have thoughts about this or relevant information please let me now. Id like to hear about it.
sfix in my personal opinion still has some upside to it. I think it can see heights of $68. For day traders this is a good trade in my opinion. I think this isn't a good long-term trade. Do not take this analysis as advice this is just my personal opinion. Please like and comment what you think!
I would be a buyer at $26/$28 if this tanks on earnings. Remember its not about buying those CRAZY HIGH IV weeklies its about waiting on the sidelines for your opportunity!
