CROX
Crocs not to disappoint. CROXShort termoutlook.
Bullish outlook for gains at 132.11, then 142.06 and 149.49. Invalidation at 116.62.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
$CROX Targets$CROX Targets
I think the earliest I’d jump in would be 112.84…
And every target below that would be a buy level…
If you have a position I’d get out at around 148.26 if it goes that way…
I have no position at the moment but right now Target 1 and 2 are looking pretty good. I’ll update if I take anything…
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
$CROX Target 139$CROX Target 139
139 is the target as of this post, but make no mistake... I'm looking lower than that!!
Sometimes you have to zoom out and see the absurdity of it all, haha.
I have no position at the moment but scoping out possible targets to sell puts…
Nothing at the moment though…
GL, and let me know your thoughts!!
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
CROX - 5.65% Potential Profit - Ascending TriangleAscending Triangle broken out after a 6-month bull run. Some concerns regarding yesterday's 3% drop, or perhaps an opportunity. Hence my priority will be entering the Buy Limit price, although a Buy Stop will ensure I capture a potential run in case the price never pulls back.
- Target Entry $42.28 (Limit) or $42.73 (Stop)
- Target Stop Loss $41.67
- Target Exit $44.95
About me
- P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
CROX continued strengthIn spite of market weakness, ticker CROX is still holding its support line after briefly dipping below. This indicates high buying pressure. Expect CROX follow the uptrend until it hits the resistance line. Look for contracted volatility to predict when a breakout might happen. I would set a stop buy order or Open a call at a point above 42.50 (43 just to be safe. The RSI and Bollinger bands indicate much of the same: confined price swings while it is stuck in a wedge. In my opinion, there is a 2-month flag pattern being formed. A flag pattern is a Breakout followed by a wedge/ triangle pattern, followed by another breakout in the same direction. Accordingly, I am bullish on this stock in the near term.
Sideways trading in an upward channelCrox seems to be trending upward between its RL and SL. However both the RSI and price chart show a near-term wedge coming up. Personally I am bullish and if it breaks out of the wedge expect a price movement above 41.50, closer to 43 dollars. This will be signaled by a decisive break above 41.50, or if the RSI also breaks out. Alternatively, it could break below around 38.50 which would be a bearish sign.
Trade idea CroxCrocs has been a nicely trending, bullish stock for many months. Having just completed a nice fibonacci retracement with Stochastic crossing up through 20, this is an interesting pick for some continued upside potential.
Beware of earnings approaching November 7th.
Option value should increase going into that volatile event.
CROX Big Day Confirms UptrendIt is easy to write about a long after it gains over 8% in one day, but this CROX breakout was more predictable than most realize. CROX first caught my eye when it bounced nicely off support at the long term uptrend line earlier in the month. I patiently waited for the MACD to begin curling upwards and RSI to be pointing up around the 40 level before I bought ATM calls (see vertical line on the chart). I was not expecting three days of red to follow after a small bounce, but managed to pick up some more calls because it was very close to the trend line, and technicals still pointed to an upwards move in the near term (see red arrow).
Today, CROX broke out gaining over 8%, confirming the direction of the indicators and current uptrend. It now looks as CROX could gain much more in the near term as well. I have a price target of $21 for CROX over the next few weeks, and plan to sell half my position there and let the other half ride, as long as the upswing still looks sustainable.