FitBit Looking For Higher PricesWe see FitBit may be crossing a multi-year resistance if we get a confirmed weekly close above resistance, we can look for higher prices in the coming months.
Fitbit
FITBIT Weekly time chart triangleHello friends,
Because I saw how well I called out MIK for the gains, I wanted to ask you to hit that ravishing like button until it turns green by profits, no seriously, as much as i loved how MIK Triangle played out this one might be even better, I see such a potential swing trade here on the week chart which makes me want to just get in and hold while it breaks.
But enough of that, please if you get in definitely set a stop loss, as much as i think the stock will show us the potential we will still see any sort of change as this time frame can definitely take another month to have this up,
and do your do diligence before getting in, the stock also has a massive potential on the Daily chart enough to get it started and so you can also swing trade it that way as you would be in more control rather than making a gamble
What we will need right now is just more volume as today it pretty much traded sideways on the 3 min chart, the stock shows a pretty good support by the 50 Ema
BUT MOST IMPORTANT make sure to hit that ravishing like button so I could post more and we'll call out every stock out there to show us that damn value.
Happy trading
FITBIT $FIT "accumulating"$FIT has been accumulating since 2017. $7.09 is a critical resistance.
12 months Consensus Price Target: $6.76
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
Fitbit Bullish BatOn the news side of things Fitbit has decided to start shifting it’s supply chain resources to make emergency ventilators designed to treat coronavirus patients.
www.nationalheraldindia.com
That’s what caught my eye to actually look at FIT. Upon looking at the charts I’ve found that FIT has also formed a Bullish Bat harmonic. There is also a nice gap that needs to be filled up around $12.60 from Nov. 3 2016. Current price of Fitbit while writing this is $6.46. Also on the 4 hr chart we can see a little bullish divergence on the RSI of course that could change but I’m playing this off the news and the BAT.
FitbitStock Symbol: FIT
I'm getting a crossover signal on the weekly for Fitbit to the upside. It had a large move up and I wish I would of had research this one prior to 2020. We are at a level that price has been rejected by multiple times in the past. Good entry around here. If we can get volume to break high it could be a good return.
Diversify and use 5% stoploss
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FIT FINALLY DID IT & RUMOR ACTUALLY PLAYED OUTFIT stock has been one they've followed since August. It's been a tough one to stomach because of the intermittent breakouts followed by long periods of sideways or consolidation trends. The rumors were initially exciting but then concerning because we didn't really know. But happy to see they actually played out.
QUOTE:
Fitbit stock has been one of the most popular penny stocks on Robinhood since we began including it as a monthly feature.
Fitbit (FIT): Most Popular Penny Stocks On Robinhood
The Top 10 Penny Stocks On Robinhood To Watch For August
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It has also been covered in countless articles over the last few months as well. Even up until yesterday we were still asking if Fitbit is a penny stock to buy or sell . Regardless, the big news today focuses on the monster deal that Google inked with the active technology company.
ABOUT FITBIT
Fitbit Inc is a provider of health and fitness devices. The company's platform combines connected health and fitness devices with software and services. Its platform includes a family of wearable devices which include health and fitness trackers and smartwatches, enable the users to view data about their daily activity, exercise and sleep in real-time. The company software and services which include an online dashboard and mobile app, provide users with data analytics, motivational and social tools, and virtual coaching through customized fitness plans and interactive workouts.
QUOTE SOURCE: Penny Stocks To Watch: Fitbit (FIT); Readers Win Big
Sellers are taking control of Fitbit - buyers took profit."GOOGLE is in talks to buy the company" does not mean anything till they get a deal which could take months... a year. Sell the news.
50% rally from google in a "bid" to acquire the company. Sell that shiz.
$FIT Iron Fly$FIT Iron Fly
Buy: 11/22 3p for .13
Sell: 11/22 4p for .55
Sell: 11/22 4c for .44
Buy: 11/22 5c for .19
Net Credit: $0.67 (Max profit if pinned at $4)
BP Reduction: $0.33
Where to go #FITThe upper trend line comes down off the 6-month chart. A new lower high has occurred.
It's attempting to find support at the 100ema. The potential is there, they just need some good news.
Seems like the media has been vehemently against them lately. "Stay away," etc. I feel a BO is due, but likely temporary.
FITBITI'm very bullish on fitbit in the longterm.
1st may has been announced a results release. Strong bullish movement is building for a short term strong increase and maybe the last station to take the train.
I suppose a optimal entry around 5 dollars
BIO
Options Play! - FIT- Look For Breakout by Apr 10thFIT looks like it's consolidating around ~$5.80
Looks like it'll break out around April 10th once it crosses either side of the wedge.
I'm thinking of making a strangle around $6Calls and $5.50Puts
or you could yolo it and by Apr5th or Apr12th $6 calls.
FITBIT breaking some resistanceThough NYSE:FIT was going within the channels & trendlines, and possible breakout in the next month, after the ER, expected is -.05, which is the period ending December 2018!! Looking at the discount Amazon gave for FITBIT products online has tremendously increased the sales volume. This ER is important! I shouldn't be as expected, it should exceed the expectations. That is what they wanted it, I mean the MarketMakers. Well, we will see it, if it is true or not. Please do your own due diligence.
Where are you running now FITBIT? Though NYSE:FIT was going within the channels & trendlines, and possible breakout in the next month, after the ER, expected is -.05, which is the period ending December 2018!! Looking at the discount Amazon gave for FITBIT products online has tremendously increased the sales volume. This ER is important! I shouldn't be as expected, it should exceed the expectations. That is what they wanted it, I mean the MarketMakers. Well, we will see it, if it is true or not. Please do your own due diligence.
LONGTERM BULLISH ON FITBITStrong resistance & support wedging at next ER 28 Feb 2019. Until then Neutral, but holding for bullish trend.
FITBIT WYKCOFF NEVER DIEThe last time that I entered in a stock after a Wykoff accumulation it was a very good deal
at that time I did not had any idea about what a Wykoff accumulation is but pushed by my instinct I bought a golden goose.
I very don't like big data and I detest watches that should check if you are healthy or not. For my self there will be no place for such kind of stuff. But for the neurotic society of today this will become the ABC.
There is more and more scientific interest to check if these watches and continuos monitoring bring a benefit for your health or not and I'm quite sure that the data will be positive. For example soon you will even be able to monitor the blood pressure with such kind of devil engines. If you can discover high blood pressure sooner and you treat it soon the life expectancy of the whole population will growth without problems of a couple of years. This could be seen as a big achievement.
If the scientific data will be positive, we will assist to a massive penetration of such kind of stuff in a larger population.
Societies like fitbit could do a lot of money, and I want to be part of these societies.
Now the hypothesis is a wykoff accumulation.
What can we do?
1) we buy the bottom of the channel and we wait. if there is a substantial break down then it was not an accumulation phase.
2) we let the big fishes cumulating shares and when they decide that it is time to push the price higher we buy the break out of the channel or even better the pullback.
This second opportunity give us a slightly smaller gain, but probably a better performance / time ratio and less risks than the first.
Hope that this small data can offer you a big help. Not to live longer but better.
A big thanks to jicka to put me on this idea
BIO
Fitibit Long Close at 5,96 USD for now...Fitibit Long Close at 5,96 USD for now... waiting for better time to get long
Trade open at 5,73 close at 5,96... 4% profit trade
