CROX trade ideas
$CROX on watch for a run up to earnings Plenty of zones on $CROX chart
Had an insane 2021 run (RSI was oversold for 12 months)
Showed strength going into close 2/4/22 after holding support area
Will be watching for continuation and rejections
Should be a fun one for next couple weeks leading to earnings
Trading, not investing.
The trend is your friend Trend continuation after correction to the 200 MA.
200 MA and strong support at around $120 seem to be holding.
Maybe Crocs Inc. is building a double bottom.
First TP is about 184$
Second TP is about 246$
SL is about 105$
chance is 36% or 83%
risk is 21,5%
Ratio TP1 = 1.7
Ratio TP2 = 3.9
Crocs not to disappoint. CROXShort termoutlook.
Bullish outlook for gains at 132.11, then 142.06 and 149.49. Invalidation at 116.62.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Breakdown of $CROX from Falling Channel to Bear PennantAnother pandemic darling for reasons I don't understand, $CROX has also been working its way down. From the top in Nov 20 through Dec 20 it worked its way through a falling channel which broke down decisively with the rest of growth. It now appears to be consolidating in a bear pennant. You can either use the lower bound from the falling channel (preferred) or draw a tighter one off of what little time has passed since it started forming (shown orange). Breakdown from here should also be swift as there is little volume on the way up to stop it.
$CROX Targets$CROX Targets
I think the earliest I’d jump in would be 112.84…
And every target below that would be a buy level…
If you have a position I’d get out at around 148.26 if it goes that way…
I have no position at the moment but right now Target 1 and 2 are looking pretty good. I’ll update if I take anything…
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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CROX LONG ENTRYCrox reported that it was acquiring footwear company, HeyDude, valued ~ 2.5 billion in cash and shares. Crox also received an price target upgrade from $220 USD to $300 USD and maintains a buy rating.
I highlighted the support i'm using from earlier in the year because I would enter Crox long. There was a gap down not too long ago, and the bottom of the last fall stopped at what was once a resistance zone. If this $120 price can hold, then my idea should play out well.
High Volatility ~ 60% IV Percentile -- Many options contracts traded today, lots of them appear to be single contracts on the call side (less a spread implies a very bullish trade) over 4,000 on the $125 strike for January.
$226 is my price target. It lined up with my fib line and the analyst rating (Williams Trading) bumped it from $220 to $300, but let's not overdo it. I don't even know who Williams Trading is but it showed up in my news. Good luck to you all!
Acquisition is said to be happening Q1 2022, if the acquisition falls through or the market sentiment turns negative then my outlook may also change.
nice trendline support 📈last time crox bounced off this strong trendline/RSI support we saw a 58 dollar rally!
as many of you know history tends to repeat itself in the stock market, so final price target if that holds true here: 203, before this one hits we can look for 163-180 as more conservative price targets.
goodluck, like and follow for more 💘
$CROX Target 139$CROX Target 139
139 is the target as of this post, but make no mistake... I'm looking lower than that!!
Sometimes you have to zoom out and see the absurdity of it all, haha.
I have no position at the moment but scoping out possible targets to sell puts…
Nothing at the moment though…
GL, and let me know your thoughts!!
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
Crocs Is Trending HigherFootwear stock Crocs has been in a steady uptrend since the market bottomed in March 2020. Now it’s pulled back and may be interesting to swing traders.
The first pattern on today’s chart is the 50-day simple moving average (SMA). CROX tested it on Friday and Monday, closing above it both times.
Next, the current area of support corresponds to the September peak around $163. That may suggest old resistance is new support.
Third, the recent pullback dragged stochastics into oversold territory.
Finally, CROX overcame Asian supply-chain issues to report better-than-expected results on October 21. In particular, strong demand for shoes drove margins and let management hike guidance.
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$CROX - Bull Flag into Key Level of Support$CROX recently put out an awesome earnings report which caused a run to new ATHs. Afterwards, we formed a bull flag, and started approaching a key level of support.
This level of support may provide the necessary bounce needed to break out of the flag, and continue charging upwards. Will be keeping a close eye on this one.
CROX has nudged over 200% for the last 12 monthsCrocs has been one of the pandemic success stories having gained nicely over the last couple of years as people at home sought out more casual footwear.
It might be a little expensive at the moment so don't be surprised if it pulls back a little, but a nice and steady consistent performer overall.
Worth a watch.