Fitbit: Beside the rumors of hostile acquisitions Fitbit had interesting breakout signals last days and some folks on TV had this on the radar, well done guys!
I think Fitbit there's still the chance of an outcome for the 0-ABC bear flag pattern (here in orange) but the company had a good newsflow the last month and if prices turn above >>>7 $<<< per daily close Fitbit shall procede to 10 $. Ok, I got to admit it's more a feeling than an accurately analysis.... :)
Fitbit
Bulls around the corner...FITBIT time to get Long very near... problably Monday 20 th August. Lets wait and see but looking bulls are around the corner...
FITBIT Holy Buckets - SO BULL - NEW GADGETS FOR KIDS, AND MORE!Fitbit is having a he*& of a year. Holy buckets. Holy fire sauce, IT'S HOT!
With a kid friendly watch (which I hope Mrs. Obama has invested in) and more hot gadgets on the way, Fitbit is in my opinion, looking for the $15 mark sooner than later.
Chart wise:
Consistent curls (purple), with minor drops (blue teal), and quickly rising (green arrows). It could follow this path for a while, with this kind of volume.
So bullish.
-DUMPSACK
FITBIT -- DON'T MISS OUT !!!Fitbit made me some cash money today!
I believe the bullish trend shall continue.
Tomorrow, I believe it will bounce around the 7.30 -> 7.55 mark.
Resistance and bears in the gray rectangle. Support and bulls in the teal triangle.
Teal lines = Support
Green lines = Resistance
Wednesday is the day I believe it will take off. After consolidating and shaking the weak hands out on Tuesday, the big fish will play.
Fitbit IMO is so underrated and inexpensive right now!
--Thanks. Dumpsack.
Fitbit: an AI and IoT Play - This is the Cheapest it's Gonna GetFitbit's value isn't just in its wearables.
It's in its data and cloud connectivity.
Fitbit's had a good run with its line of functional, stylish activity trackers and health monitors. Customers can choose between classic trackers, a few smart watches, and even smart headphones and weight scales - with a large selection of accessories to mix and match throughout the product line.
But that's only taken Fitbit so far - in the case of its stock price, down massively into the single digits since 2016.
Fitbit's stock has been adrift in the single-digit doldrums for a long time now. But believe it or not. . . This is the cheapest Fitbit is ever going to get.
Why? Because Fitbit is making its foray into its next big space, its next supreme endeavor - health monitoring, big data, electronic medical records, and cloud connectivity.
On 4/30/18 Fitbit announced it is partnering with Google's Cloud Platform to facilitate its entry into the data and I.o.T (Internet of Things) of healthcare. Real-time biometrics, new and innovative application use and creation, population health analysis, and more will form the meat-and-potatoes of Fitbit Health Solutions - Fitbit's initiative to use omnipresent real-time and stored data and analysis to achieve positive health outcomes with mass health monitoring.
Visionaries and forward-thinkers have been talking about the burgeoning field of biometric sensors and health monitoring for a few years now. Fitbit and Google look to be the mainstream facilitators and operators in this new space of healthcare. And we all know humanity's two concurrent life-changing revolutions - AI and blockchain - will be a big part of this.
The technicals are nicely supporting the story. The stock has been in the $5-$6 USD range throughout 2018, and a case could be made for an inverse head-and-shoulders bottom printing since February 2018 to today (though it might be just range noise); but with volume relatively low, we may only just now be at an inflection point - the big moves and big money are probably a little ways out as Fitbit's brand-new endeavors prove themselves throughout the rest of the year and into the next and beyond.
Fitbit could be at a massive discount with huge money to be made longer-term.
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Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes only - good luck! **
Getting fit with FITWhere exactly is Fitbit headed to?
After a showing signs of a bullish gartley chart, all FIT needed was a really great earnings report to piggy back off a great bullish gartley formation. Trading movements can be somewhat predictable with TA but remember that dramatic movements require real FA.
Looking at the daily chart, we see the pre-ER hype + technical bound rising out of the descending wedge to a breakout attempt, only to be squashed down by what some would classify as a dissappointing ER. FIT's attempt at a breakout became a mess and even hit a new ATL.
So, is it all over for FIT ?
Maybe not.
There's a few interesting things that happened on the day of the post-ER.
Gap drop
Doji formation
Volume ticker that exploded into the green, to a level we haven't seen since August 2016
In combination, I would translate this action as accumulation movement.
Short term wise, this analysis would make sense given the price action for the past few days since hitting ATL.
Long term wise, FIT is at the mercy of proper FA before TA can support any massive movements - til then bears are in control.
How would you predict this spike...?i ve been watching fit bit for awhile and this spike from 7.34 to 7.60 came from no where.. and im trying to figure how i could next time see a spike ahead of time.
FIT BIT 30 min chartFITBIT LONG TERM CHART
GAP @ $16.60
GAP @ $15.70
Those gaps needs to fill. Plus green solid line is acting as support and also it broke the red bear line. So FIT is a buy.
FIT will go down a bit more like $12.06 and then it will be a buy for till it reaches $16.00 ish to fill the gap.
WAITING FOR ER:FITBIT Waiting for ER, and then if there is opportunity to write Options deep in the money, will do so.
9h/21h MA Cross, Break and ResistanceBeautiful setup in the last hour of yesterday's trade. Meeting resistance.
CASHFLOW: $FIT 5% ROI - READY WITH FAR MONTH CALLSIF ONLY THIS $FIT IS ALREADY IN YOUR PORTFOLIO, THEN PROCEED. OTHERWISE YOU NEED TO WAIT FOR ER.
I already have $FIT in our portfolio, So maybe after ER, I'lll decide to sell far month call.
Possibly, FEB17 13 strike @ $2.55 and close it @ 1.77 which 5% ROI. so you can cover your losses here.
Fundamental are not good for new entry.
Technically it is going up, around 14.85/14.95, so possible drop, if it closes within the channel.
Option contracts are good with far month contracts.
RISK: Enter at your own Risk. Investment mindset differs from person to person. Method may not be suitable for your investment objectives.
DISCLAIMER: I don't provide investment advice, I'm entering the market with my own account.I don't try to accurate in entry, because most of the time I or my client own this stock , so we only look approximate change in trend. It is not necessary you have to do the same.
Update status
Are investors starting to believe in Fitbit stock?With continued surprises in Fitbit earnings, and a P/E growth ratio of 0.6, this stock is several undervalued...why?
With the increasing pressure of competitors in the market, and the backlash from investors over the Blaze announcement, Fitbit's stock has continued to tumble. However, is this finally the upward trend in the stock that has the highest market share, in the fastest growing wearables sector, with the product lines that sell best in the regions where there is the most revenue in the wearables sector?!?!?!
Hopefully not, because it represents a huge opportunity to buy!!!
