$SFIX long over resistance - PT: ~35Price moved back over resistance level, looks like a pretty standard bear trap now moving to the upside. Should see ~35.00 as target on first leg.
SFIX trade ideas
Stitch Fix - Buying opportunity around 24.64Price completed a 5-wave structure to the upside and is now developing a ABC structure.
We are looking for a long opportunity around the 24.64 region with a fib and structure confluence.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
SFIX - Hammer Timestrong momentum in this stock, more then doubeling since its IPO
level of resistence was set at 30$ area
last week earnings push the stock up abive resistance and now 30$ is acting as support
today formed a bullish candlestick - green hammer which indicate that buyers are here
stop below 30$ and target at 35.5
could see 40$ in the not so far future
$SFIX long opportunity after a well defined 6 months cup and handle, and proper breakout, a current retest with low volume on the daily chart, allow us to take a long position with a great Risk reward
SFIX Aug18 $60 calls analysisA cup noticed on the daily chart from Dec27 to Jun22. A handle follows from Jun22 to Jul05 then the breakout on Jul06 above $30. Considering the depth of the cup (about $10), the target price is $40 and the stop loss price should be $25. There is no typical rule telling us when the target price would be reached; SFIX is a young stock but we have two occurrences of a run of $10:
• From Dec19 to Dec27 in 5 sessions;
• From Jun05 to Jun20 in 12 sessions.
Therefore, SFIX might reach $40 by Aug03; However, SFIX just have monthly options so one might consider Aug18 $40 calls.
Watching for pullback to BuyWatching for pullback to Buy - I like the IPO balance building here. Looking for under $24 to scoop
SFIX, buy signalsitting on support line and now with bullish RSI divergence
12months stock forecasts are 24, 26 and up to 30..
not a financial advice
$SFIX Stich Fix Fibonaccis And Fifty (Say That Three Times Fast)SFIX retraced today to close at 62/38 Fibonacci of last upwards move. The earnings call scheduled for Mar 12, 2018 at 5:00 PM Eastern could act as a catalyst to retest 30s. Expect some bag holders who bought late in 2018 to bail when they see the green light, increasing the odds of the beloved "gap and trap". Lots of short interest, and lockup expiration coming soon = this is not a set it and forget it trade!
SFIX Cup With HandleAfter an ugly first two days of trading, Stitch Fix (Nasdaq:SFIX) found a nice round bottom and tested its IPO highs with a bullish cup and handle pattern (aka cup with handle). There is also a bull flag, which may repeat this week, pushing the PPS to 23, the fib extension, before the year end.
