Serious Reactions on the TableAfter the pessimistic outlook on the upcoming earnings, NYSE:FTCH plunged to the $2.50-$2.00 level. Even though this reaction is backed by solid reasons, the fair value for this stock is much higher than the current levels.
Also technically, there is a Bullish RSI Divergence in the 4H timeframe and it may lead the price to the $3 level.
It is one of the prominent players in the Luxury E-Commerce industry and recent agreements and partnerships may boost the price to much higher levels in the long run.
Yet...
It is worth staying cautious since these sell-offs still have a chance to take the price to much lower levels with an avalanche effect.
FTCH
FTCH Farfetch Limited Options Ahead of EarningsIf you haven`t bought FTCH`s Double Bottom here:
Then analyzing the options chain and the chart patterns of FTCH Farfetch Limited prior to the earnings report this week,
I would consider purchasing the 5usd strike price at the money Calls with
an expiration date of 2024-1-19,
for a premium of approximately $1.06.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
FTCH Farfetch Limited Options Ahead of EarningsAnalyzing the options chain of FTCH Farfetch Limited prior to the earnings report this week,
I would consider purchasing the 5usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $0.80
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
FTCH is prone to big swings and this setup looks ripeFTCH is prone to big swing and this setup looks ripe.
Last swing, from 6.52 to 12.89 took only 6 weeks. It was also triggered by earnings report.
Current setup is even more favorable for upward movement than what it a quarter ago.
If earnings report (17th, after the bell) is favorable, I believe bulls will push it all the way up to $16.5 - $17.5 range.
If it fails to react on earnings, just get out.
FTCH Farfetch Limited Options Ahead of EarningsLooking at the FTCH Farfetch Limited options chain ahead of earnings , i would buy the $11strike price Calls with
2022-12-16 expiration date for about
$1.17 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Ftch daily daily chart for a strong fundamental company as we are in bearish trend line ! this is a major play we should profit from it in the way down and in the way up
FTCH: BIG SUPPORT. BOUNCE SOON?FTCH :
A lot of tech charts look similar.
- big zone of support -resistance here as you can see on the chart
- Demark sequential 9 weekly
Again, we're going against the trend but I like the risk vs reward for a long swing trade here, cuz I can have my stop loss not too far.
Trade safe!
FTCH on WatchTicker $FTCH is testing highs, looking as if it wants to breakout soon. Keeping this on high watch as the MACD and RSI both look great on this chart.
FARFETCH -40%Sell FTCH now for 4% deposit
Take 1: 60.22
Take 2: 56.22
Take 3: 50.22
Take 4: 45.22
Stop: 4%
Profit: 20% (max. 40%)
Wish you luck !
Farfetch : too far...#FTCH is a hot stock and... constantly money losing business.
Purely from a technical perspective its 5-wave impluse is probably close to its peak.
Daily RSI is 85+ and stays very high for a few weeks.
Expect a healthy correction from 60 down to around 40 within next three months.
FTCH | ShortNYSE:FTCH
Possible Scenario: SHORT
Evidence: Overbought RSI, Bearish Divergence
It's my opinion and could be wrong 100%
FTCH BUY OR LONG , TARGET UP TO $20FTCH is about to confirm the Cup and Handle model at $16.50 and Target at $ 20, wait for price confirmation.
FTCH buy : $16.50
FTCH Target : $20 +-0.3
FTCH Stop loss : $15.35
Wish you a successful trading!
FTCH - Testing the resistance, May swing back to supportFTCH has been testing the resistance on open since a couple of days and falling flat the entire day. Also to note RSI is back at 70.
Considering the preliminary results for Q1, This may be trading sideways until earnings.
Trade at your own risk.
$FTCH is going to be falling todayLow volatility stock intraday trading strategy signal.
$FTCH chart shows appropriate parameters to open position. Also, the true range is low enough today, so the price has good potential to fall.
I suppose, the price will be falling until market close, so short sell can be from $9,95;
stop loss — $10,12;
take-profit — $9,4 or market close price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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