SKIN trade ideas
DIVERGENCEPositive divergence with ascending triangle forming. possible reversal if breakout occurs.
ASCENDING TRIANGLEInteresting ascending triangle formation developing over a positive divergence with rsi, suggesting possible reversal pattern and bullish breakout could develop.
great risk reward for long entry hereSKIN entering the load zone, may be stuck here for a while so lets wait for a clear break past resistance zone first before taking a position.
Long trigger 13.26, short trigger 9.31
SKIN | Short to Gap-Fill BelowNASDAQ:SKIN looks like it wants to gap-fill between $13.60 and $14.85 before any strong move up. The gap was due to an earnings beat. If it does move up thereafter, it'll need to break the falling wedge's resistance to show a change in the descending formation.
But, in the near-term, the target is to fill the gap below.
$SKIN looks ready for next move upNice chart on SKIN - Clear trend, consolidated from JUN - AUG then legged up. Currently in consolidation and looking for the next leg up on a breakout of $28.5.
50 EMA black line stop loss below, $32 price target.
$SKIN looking to move up$SKIN looking to move up with continuation
EPS / SALES - GREEN (+ve)
U/D - 1.7 (+ve)
Moving Averages - Price above Key Moving Averages (+ve)
$SKIN looks greatI love it when stock bounces with wicks at 25% extension of impulsive move. If market looks strong $SKIN will be something I play
$SKIN missing entriesI have been watching lots of strong growth IPOs and thus have missed these beautiful $SKIN entries. A big impulsive move form $21 to $28, then pulled back to $23.77
Big candle to the 25% projection (which should be initial entry if you are aggressive) then coming back to 12.5% projection 3 times. with wicks!
It is a bit late for my taste to enter now. However I would watch if $SKIN can break the 50% projection and come back to the 25% level, with a wick hopefully, for a lower risk entry.
Overall, the weekly chart looks extremely strong. Can be a runner if it keeps making strong bases.
SKIN - How is this company worth $3B?Opening up a new short position here. Looks like a great/profitable company but just seems overbought. RSI showing so as well.
Plenty of skin care products/systems out there. Trying to understand how a 60 million dollar revenue quarter equals a 3 billion valuation. Maybe I'm right, maybe I'm wrong. I don't use this stuff.
SKIN SHORT Step 2Got in Friday and already hit TP1 today
We will see how it reacts at the 17.50 level now. If that can't hold I expect a retrace back down to the $14 range
