Skechers
Skechers anticipated price movementNYSE:SKX is expected to complete a cup and handle pattern. Cup and handle target is 48.3$, breakout point is around 37.6$ and stop around 29.0$. Major resistance sell zone at around 42$ to 44.5$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
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Skechers (SKX). Finishing sideways correction. Could drop again The price could have topped here within a large sideways correction wave X (yellow).
The wave C (white) is already larger than the wave A.
The target is highlighted with the white rectangle.
Previous low at the 18.81 could be aimed first.
The 78.6 Fibonacci retracement level (13.15) could be the optimistic goal.