CROX daily - the possibility of a bull run after a breakoutTHE CONSISTENT TRADES analyze CROX as a bullish/strong fundamental stock and therefore would be traded only in a long position.
CROX had a nice and strong move up and after extremes in RSI and MACD it cool down. The top of the leg which finished with a bearish reversal candlestick pattern Shooting star was on lower volume which indicates there is not real drop in front of us. This whole consolidation was on smaller volume which is great for bulls because it shows us there are not too many sellers.
CROX is above 20, 50, and 200 days MA which is bullish. This consolidation need to keep CROX above 20 days MA to stay bullish.
Volume is showing us for now this is only a consolidation of price not the start of a bear move.
RSI did cool down which is good for bulls.
MACD is close to the zero line and should be great for CROX to keep it above zero lines and start moving up slowly.
Overall: CROX consolidates its price on this level and is forming a small falling wedge or Bullflag which both are bullish Patterns. A break of the upper dotted trend line would be a point for entering a long position. Also if it starts to move on stronger volume would be a buy signal. The first major resistance could be at the top of the shooting star but it should pass through it if breaks occur. If the drop continues on a smaller volume and smaller candle it would still be bullish but in that case, would be triggered BullPullback pattern and a bullish one.