Nice orderly pullback after a strong run. This chart has been trending well for a while now. Looking for a entry near the 100.73 level which is previous swing high, hopefully the 20DMA will combine at this price to add extra confluence. 3 cases high if the stoch can get to oversold levels.
We're trying to "pick the top" on this trade, however, SKX is showing reversal signals on the hourly. AKA a evening star reversal. R:R is amazing. I like risking 1R on this trade to make 4 or 5R
Another stock with good fundamentals making new highs.
Details on the chart:
Company Fundamentals
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EPS Due Date 4/20/2015
EPS % Chg (Last Qtr) 71%
3 Year EPS Growth Rate 244%
EPS Est % Chg (Current Yr) 38%
Annual ROE 14.45%
Sales % Chg (Last Qtr) 26%
3 year Sales Growth Rate 17%
Market Cap $3.44 Bil
Profit Margin 4.8%
Sector...
SKX expected to open at 62.86 for a Perfect Gap N Go. Watch out for slightly low volume. To learn to trade this strategy for free go to www.RealLifeTrading.com
After reaching all-time-high around 64.6, SKX has been selling off as low as 47.7 which coincide with downtrend channel bottom.
With price above 8,20,50 & 200ema currently, it looks set to make another launch to break the 1st resistance level which gotten rejected twice before.
This 2-in-1 resistance (horizontal level + downtrend channel top) @ 55.06 will be the...
This shoe-makers has its unique way of making price action. Never at all on a monthly chart, i can find any sort of bearish divergence to help me enter short.
However, there is this one characteristic that surely is noticeable. Every single time the price reached a euphoric state, it will consolidation from 1-4 months before it freefall.
I would like to be abit...
