CROX trade ideas
CROX ER Lotto ShortCROX SHORT
CROX recently had a huge run up for their earnings. Around 40% from the last quarterly ER. It's at heavy resistance on the weekly chart and RSI. Multiple tests to break 53 on the daily, all were rejected. 2 grave stone dojis, 1 false bullish Harami, and it closed of on a hammer. These are very bearish set ups IMO.
This is a ER lotto play
The run up was simply too much for a business that was hit pretty hard from the pandemic. I'm expecting a correction from the earnings.
Optimal Entry
This is an ER play so whenever you feel good. I'll probably fill 1/2 at opening and 1/2 at closing.
PT purple: trend line. Expecting a retest from earnings.
SL if this backfires SL is the green resistance.
Contracts
11/20 49/50c bear spread
Sell the 49c and buy the 50c. This will create a credit spread that is around 0.6
or
11/20 49/50p bear spread
Buy the 50p and sell the 49p. This should have a debit of around 0.3-0.35
If you don't gamble earnings don't take this play. I'm using money I don't mind losing. Mange your risks!
V bottomNV is high Not to long entry level
Possible T2 75.2 88.7 100
Stops in this pattern traditionally go under mid V..which is too far from price for me right now
The gap may provide support
In this market I think I would be happy with targets 1..lol
All time high is 75.21. Many moons ago CROX was in a strong uptrend. It looks to have traded flat for a long time with one break up before this one. Now that it is under 43.6ish..there will be hard there.
This stock hit long entry level but did not hold on to the highs.
Not a recommendation
CROX - 5.65% Potential Profit - Ascending TriangleAscending Triangle broken out after a 6-month bull run. Some concerns regarding yesterday's 3% drop, or perhaps an opportunity. Hence my priority will be entering the Buy Limit price, although a Buy Stop will ensure I capture a potential run in case the price never pulls back.
- Target Entry $42.28 (Limit) or $42.73 (Stop)
- Target Stop Loss $41.67
- Target Exit $44.95
About me
- P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
CROX BREAKS RESISTANCE I know I post about this stock a lot, but that’s because I truly believe it can outperform in the short run and over the long term. After falling out of the upward channel CROX found support at the 37.50 line, and bounced upwards to retest the resistance line (last week’s support line), at which point it entered back into its upward channel. This is despite a prolonged market sell off for the past 3-4 days. Looking at the rsi , we can see that it also just bounced off of its long term support line, and is now heading to the top of the channel. After being up 10 percent today, CROX hit the top of the channel (43 range), fell a little and is still up 7 percent today. Before modifying it taking a position in this stock, I would wait for CROX to hit the bottom of the channel, or for the stock to breakout.
To predict a breakout, wait for a decisive close above 43 and for the RSI to break above its resistance line, as well as a jump in volume . Alternatively. The stock could hit the roof and fall to the floor, at the 41 level. Wait for the stock to bounce at 41, then consider taking a position in the 41-42 range.
CROX continued strengthIn spite of market weakness, ticker CROX is still holding its support line after briefly dipping below. This indicates high buying pressure. Expect CROX follow the uptrend until it hits the resistance line. Look for contracted volatility to predict when a breakout might happen. I would set a stop buy order or Open a call at a point above 42.50 (43 just to be safe. The RSI and Bollinger bands indicate much of the same: confined price swings while it is stuck in a wedge. In my opinion, there is a 2-month flag pattern being formed. A flag pattern is a Breakout followed by a wedge/ triangle pattern, followed by another breakout in the same direction. Accordingly, I am bullish on this stock in the near term.
Sideways trading in an upward channelCrox seems to be trending upward between its RL and SL. However both the RSI and price chart show a near-term wedge coming up. Personally I am bullish and if it breaks out of the wedge expect a price movement above 41.50, closer to 43 dollars. This will be signaled by a decisive break above 41.50, or if the RSI also breaks out. Alternatively, it could break below around 38.50 which would be a bearish sign.
CROCS Proposal DailyHello traders, CROCS gives a very important bullish signal with an aborted attempt by sellers on an average purchase volume and a few earlier sessions of high volume sales. So the buyers can still respond present it is in a rise on the MULTI TIMEFRAME in strong bullish continuation, which goes on the last precedent higher and can be going to fill the bullish gap. See even land on top of the next higher which is not far away.
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CROX Long Setup [UPDATE]Regardless of the recent downgrade by CL King from buy to neutral, CROX is still holding its channel. The recent drop allowed the 20dma to catch up, bringing in a new level of support for CROX. Furthermore, seasonal earnings on 07/30 should help generate hype around the ticker and bring in new investors.
Going into the next few days, the 100dma looks ready to coil up and we're about to be presented with a golden cross on the daily - a historically good sign. If CROX can break and hold above confluence near $37 resistance, price target is $43. Despite recent market weakness, it's holding its channel well with an imminent golden cross as the 50dma looks to cross the 200dma.
Holding its uptrend, lets see if it can break relative highs that have acted as resistance in the past.
CROX Long SetupSeasonal earnings on 07/30 should help generate hype around CROX. Despite recent market weakness, it's holding its channel well with an imminent golden cross as the 50dma looks to cross the 200dma. Holding its uptrend, lets see if it can break relative highs that have acted as resistance in the past.