$SKX (Skechers) LONG
SKX calls 28 OCT 16 2020
Thesis as follows,
Holding previous daily level resistance as support
RSI 4h,1H Buy signal
Bollinger bands bottom
Wedge and trendline bottom
Holding 0.382 Fib
Fundamentals ✅
More sensible to wait for a turnaround in sentiment as I risk more downside but this is a kangaroo market.
If this was a trade I would,
Exit : $30.2
Stop loss: $25.7
Thesis as follows,
Holding previous daily level resistance as support
RSI 4h,1H Buy signal
Bollinger bands bottom
Wedge and trendline bottom
Holding 0.382 Fib
Fundamentals ✅
More sensible to wait for a turnaround in sentiment as I risk more downside but this is a kangaroo market.
If this was a trade I would,
Exit : $30.2
Stop loss: $25.7
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