CROX trade ideas
Crox - On The RiseCrox stock is trending higher in the last few months
price created a rising channel and consolidated above 10$
yesterday price broke above 10.6 which acted as resistance on nice volume
note the false breakdown befor earnings and the v-shape return to the channel indicating a strog momentum to the upside
few levels are on the chars as potencial resistance but i can see price going to 12 area
$CROX quietly climbingthis guys are getting better very quietly, got to look again at the financials
Nurse shoe playBounces of the 20MA nicely. RSI continues to cool on the dips. Entry at 10 SL at 9.90 GET YOUR CROCS ON!!!! Time to bring sexy back. SHORT EVERYTHING I BUY!!!!!!!
longI like this stock and this is why:
The stock did a huge gap up and a nice run up on the upside on the earnings.
The stock came back at nice support.
The candle of today did a nice doji so that shows the indecision and indecision after a retracement like shows us that the bears have maybe lost the control and we are seeing some bulls coming up.
and it would make sense if the stock continue higher because of that huge run up it had a month ago, because when a stock move on the upside like that, it usually pause and then start to go higher again.
CROCS UP and then DOWNCROCS is trading in a bearish channel since late 2012. A great entry point is when price touches top of the channel, the stop is a close on the daily frame outside the roof of the channel, and TP as shown in the chart.
$CROX closer in, RSI is at support and pointing lower, with large activity on the Mar 15 Call into earnings tonight. Collared my long position earlier
