SKX Makes clean break and close above a 2 month consolidation. Watch SKX for a pull back and retest of the flat top breakout point for a decent long opportunity.
0L73 trade ideas
Sketchers Long Watch SKXWith a very Strong Earnings rating from a compilation of Analysts watching this stock for a strong 2018. It happens to have an excellent Technical set up as a flat top break out 3 weeks ahead of what is estimated to be an excellent earnings report on Feb 9.
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.
Day trade setupIf this opens above $30 at the open I will buy right at the open. This should get to somewhere near $34. If it wont get there today I will swing trade it till it reaches. This gap up is trapping so many people that need to cover. It needs to open above $30 to buy at the open if it doesn't open above $30 then I would wait for the first 5 min candle to form and buy at the high of that candle.
Going Long with SKECHERSSKX is getting in buying zone. Two Fibonacci projected targets as shown. GL.
SKX BreakoutSKX have been trading for the few days between 24,85 and 25,6 respecting a channel from 2016/10/21. Today we see a possible breakout. If daily candle ends really bullish with a good volume, we could wait for a pullback to support 25,6 to enter long.
KL: 25,6
SL: 24,85
TP1: 27,6
TP2: 28,5
Sketchers LongBreak in market structure to the upside, first bullish order block was respected, now price has come to another one. Target is 30.60.
Stalking SKX for long entry...Hello all
This stock is out of earnings. Trendline is broken and decent pullback to kijun. Chikou is above price. Weekly is above kijun. I have decent risk reward here and will take a long at market open. Giving it little wide stop. Lets see how it plays out.
SKX LONGI think this is going to follow the same pattern as JACK and KORS. Sketchers is not going anywhere anytime soon. It wont take major positive news to really get this thing moving. What do you guys think? I dont plan on investing money but look forward to seeing how this plays out in the next few months to beginning next year.
SKX long time analyse. GAP Maybe an bullish trend near... if the price has a pullback and break 30.00
This is a forecast, WAIT for confirmation.
