STITCH FIX Opportunity DailyHey traders, STITCH FIX is in a fake bearish move with low volume attempting aborted buyers. And on the TIMEFRAME 5 min another attempt in progress, STITCH FIX goes towards its last low point to return to the rise. Great potential to go on the last next higher, buyers want to break the median with force.
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SFIX trade ideas
SFIX Long Below SupportBought 2 dec 25 calls for 3.50. Sold a sep atm put vertical to finance it.
Wallstjesus Bull Sweeper
Holding if price establishes balance above monthly VWAP. If we beet below my short strike I’ll look to manage.
Pivot range is higher trend & wide but price is opening the month below. So I expect to see some sideways trade in this one. Just looking to take advantage of price structure & sume bull sweeper action on this idea.
$SFIX broke out of its consolidation boxSince early May, $SFIX has been consolidating within its box. Its technicals played out nicely the past couple of days as it broke out of its consolidation with igniting bars.
Here's a weekly chart with a better perspective. If it can break $32.50 with strong volume then a final target of high $40s is not inconceivable.
Buy STITCHFIX [NASDAQ: $SFIX] | 5.7.2020 | Eric ChoeMy name is Eric Choe.
I am a professional trader with over 7 years of equities and cryptocurrency experience.
I've worked at an energy trading company, a Fortune 500 company, and one of the top management consulting firms in the world.
I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading.
I've been a full-time equities trader ever since.
I give detailed analysis on TradingView.
Over the past 7 years, I've dedicated my time and effort to helping others learn about the financial markets.
All my ideas are for education purposes. There is a high-degree of risks involving leverage trading. Trade at your own risk. This is not financial advice
SFIX Bullish Bias Near-TermBullish Triangle forming on SFIX on longer timeframes as well as a potential bull flag within the pattern.. Expecting a breakout topside within the next 5 trading sessions. Above current supply levels, there is a nice gap to fill but will be looking for LEAPs or to buy shares and take a quick 10-15% on the break.
$SFIX - Profitable GrowthSFIX - anyone else use it? This stock is breaking out from pretty heavy consolidation. I've initiated a position with a stop loss below the rising trend line. Once price reaches $32 I will reassess and adjust as necessary.
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