SKX had positive earnings.
Is in a up trend.
Tested the 53 lvl and rejected with strength and volume.
Potential to 55.50 with 60% take profits at 54.67.
SKX has trended above it's 200 day moving average since 11 Nov 2022 and began to consolidate in a mini cup pattern ("handle" if we look at the monthly timeframe) for the last 3 months. It has just broken above this mini cup neckline @ 49 strongly after earnings beat and is now heading towards a more significant neckline (54 - 56 zone). If it is able to break and...
#SKX Looking good after a small break to the upside. Momentum looks to be coming in at the right time for a quick bump to the upside.
What does the community think. 🤔
Footwear company Skechers USA has emerged as an interesting growth stock over the last decade. Now it may be completing the final pullback in a six-year consolidation period.
First consider the longer-term weekly chart. Notice the 600+ percent rally between July 2013 and July 2015. SKX has essentially digested that move since.
However now it’s pulled back to...
NYSE:SKX is expected to complete a cup and handle pattern. Cup and handle target is 48.3$, breakout point is around 37.6$ and stop around 29.0$. Major resistance sell zone at around 42$ to 44.5$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
This will be the beginning series of my failed trades that will act as my trading journal. Will be posting these to learn from my mistakes. Failed trade #1 SKX:
Mistakes made:
1. Failed to recognize resistance zone and take profits at that zone.
- Make sure to expand your chart so you can see the stock from the BEGINNING. Set chart to monthly/weekly time frame...
I got in a $38 put Friday. I feel like price will drop. Details are in photo.
I feel like there are many other affordable options out there for the workforce and more to come. Let's see how it works out.
Like, Follow, Agree, Disagree!
What do you think?
* I'm staying in my position regardless. I got into this for the same reason I entered WISH a few weeks ago...
Hey guys, SKECHERS USA is in a fake downtrend with a bear wick and a strong past sell volume. We observe the TIMEFRAME 1 Min a bull line so all the conditions are met to see the feedback from buyers. It is plausible to go for the next high watch the TIMEFRAME 4H. Then the Daily after is the buyers goal which is on the last previous high in 4H.
Please LIKE &...
Skechers (NYSE:SKX) reports sales in the domestic wholesale business fell 47.3% in Q2 and sales in the international wholesale business decreased 37.8% during the quarter.
Comparable same store sales in the direct-to-consumer business were off 45.6%, including a decrease of 35.9% in the U.S. and 66.9% internationally.
Sales in China rose 11.5% during the...
