SKT has seen support at this horizontal line previously it will likely see it again as the right shoulder of this inverted Head and Shoulders pattern forms
Bullish on this weekly timeframe while the right shoulder forms
Simple horizontal support analysis
NYSE:SKT
Possible Scenario: LONG
Evidence: Price Action, Break out possibility
This is based my new approach for finding break-outs candidates, I'm testing this strategy, so be cautious, this is different to my ordinary approach. GL
This is my idea and could be wrong 100%
From the analysis of the waves it is understood that in the inferior timeframes is in existence a massive sale of the actions of this Stock, it is probable that the Stock describes the indicated curve in order then to go up and to break the resistance that it is braking
I am not a financial advisor and this is not an invitation to do betraying, but only a personal opinion
Not financial advice.
I remain neutral not long or short.
15.25 does seem like a good area to hold.
Good support there.
It retested 15.25 as shown in my previous chart.
So lets see if that can hold again.
At a decision time right now.
2 possibilities.
Showed both.
Personally I think it'll retest 15.00
Then 14.00 before trying to pick up.
Next few days let us know...
Not financial advice.
I dont invest in stocks.
Still over 30% in short interests for SKT.
Which is way higher than short interests in GME,AMC, and all the others.
Could this be the next stock that's targeted by the crowd.
I'd say yes considering the short interests.
I post for the people that may be unaware of the market dynamics and hopefully they run by my chart...
This chart looks incredibly beautiful and is poised to recover in the coming months. Bullish divergences on all indicators following by the bullish pennant forming on all time frames. It is a matter of time before Tanger Outlets takes off.
Spring is upon us and summer is around the corner. Covid is yes still a concern but retail has been hit so hard things will...
Looking at the past months bullish trend SKT is open for a healthy swing . Entry arround $7 point exit anywhere $9+ , Holding for a maximum of 10 days . My stop or bailout indicator would be a retest of the bottom trendline .
Long-term look here. Potential RSI divergence into long-term support (candle still open). Needs to get a little lower to hit support then watching for a quick bounce off to close around here or higher.
SKT is attractive both Fundamentally and Technically.
ROE: 25%
Shares Float: 90M
Short Float: 48%
Trading within a Channel where price action and stochastics flow together.
I'm very tempted to buy in at this price but I am going to wait for confirmation
and remount of 50ema
