SFIX trade ideas
NEW POSITION: StitchFix SFIXPurchased SFIX today at the 4hour BB at 37.70... Looking for 41.49 for 10% profit
Double position at 33.91.
$SFIX - Forming Pennant - 20% Short InterestAdding this to watchlist. Seems to make mini runs just before earnings. If earnings/outlook are good with a 20% short, this could squeeze up on a breakout.
Break over resistancePrice action showing difficulty against resistance dating back to March. Recently has tried to break over but hasn't held.
SFIX LongNASDAQ:SFIX
Inverse Head & Shoulders
SFIX has been showing bullish trends since the stock attempted to challenge the Support / Resistance line on September 18th. From the accompanying Chart, we can see that the stock is showing Inverse Head and Shoulder movements as it gravitates to the Support / Resistance line (Yellow Line). This creates an opportunity to enter a long trade at $30 the stock pushes to break past the Support / Resistance line.
$SFIX Stitch Fix Next Trade setup
stock has fully recovered its loses from the post earnings selloff and looks set to add some gains.
Potential trade setup between 2 major pivot points.
Entry above $32.29 -= Target $35.00
Medium term looking for upside to $40.00
Cup and HandleNo rising wedges Monthly candle indicates a pull back possibly. SFIX is not to long entry level at this time
I would be long when stock finds some peace as it looks to be struggling with holding on to highs right now. A lot of tall upper wicks hitting R and bouncing back down.
SFIX looks as if it is having issues with holding on to price after hitting break out level/or long entry level. Does not look as if it wants to go below handle low either
NV is increasing
All time high is 52.44
A lot of volume 4 days ago
Short interest seems to stay on the high side for SFIX in the past and is on the high side now
R overhead
Not a recommendation
Crossed below support, 27.091, confirmed by volume.Crossed below support, 27.091, confirmed by volume. Time: 4 days 7 hours. Volume: 15,087,030
$SFIX high expectations for earnings bounce to 32 & down to 24looking to repeat the pattern to the left bounce to 32 & then pullback to 24 range
SFIX , Party's over There is a big sell off currently taking place in aftermarket and based on the daily chart and earnings this is ready for a big reversal.
Good time to consider a short imo.
$SFIX High risk \ reward trade in Stitch Tix
High risk \ high reward trade into earnings
Potential bullish formation
- Inverse H&S
- C&H
- Ascending Triangle
Huge 41% short Interest.
Maybe a good options trade as risk is more controlled.
SFIX LONGIndicators:
Daily:
- MACD: losing uptrend
- StochRSI: losing momentum
- RSI: looking good
- VWAP: not even close
4H:
- MACD: trying to uptrend
- StochRSI: trying to uptrend
- RSI: looking good
- VWAP: not even close
