YETI Deep into overbought territory now on the daily chart. Expecting some retracement in the very near term. Bearish options activity today with 3k $25.00 strike May put options traded vs OI of about 300 for total premium of $1M.
Near term price target - $21.50 by March (~10% downside from today's close)
Note: informational analysis, not investment advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.