Canada Goose looks short.Near retest
Stock weaker than market
We've broken the strong level, down from 30.5
GOOS trade ideas
Daily Downtrend. Waiting for Bullish Entry On Trendline Break Waiting for Bullish Entry on Green Close above daily downtrend line for a swing.
GOOS 1 month from bottom?Seems like GOOS is getting closer and closer to a bottom and seems like 27.50 seems like a perfect spot for that bottom. Until then it seems to be a no touch stock even for shorting since downside isn't much either.
GOOS going up!Canada GOOS looks like a good buy at this point. The coronavirus oversold this company. I like their jacket I got 3 of them.
$GOOS - Weekly ChartNice weekly candle verified by weekly/monthly support. Worth noting the whole monthly chart is in a descending triangle.
A nice Risk to reward bounce
First,let us take a step back look at the weekly chart
Taking a look at the weekly rsi, whenever the William R falls below -93% it has created a decent bounce.
On the daily it appears to be at the bottom of a downwards channel and also it is reaching support from June 6.
However, that does not necessarily mean it is time to buy right now as there is not enough evidence for my liking that it will necessarily bounce off the support this coming monday (Jan 13)
I will wait for it to form some sort of base and hug the support, and once there is a bullish signal such as a bulish divergence on the rsi and/or william r% maybe on the daily and 2 hours. A conservative target would be just above the daily 55EMA and a more aggressive target would be the 200 EMA and the top of the channel. Either target provides a decent risk to reward ratio.
Bottom of wedgeWe sold our calls last week. Now looking at another possible trade. Near bottom of falling wedge so it can still hold and breakout of the wedge for a big move higher. However, if support doesn't hold it can be a good short, China exposure as well.
Falling wedge on supportWe entered 35.00c today for 01/31, Will look to add FEB calls here. Double bottom as well as falling wedge. You can see the support are from consolidation in 2018.
GOOS to further correctCorrection to continue towards sub 32. If the May 'weekly' candle low of 31.67 is broken, the stock will continue towards 26.
This is long shot but may pay offUltimately it will dip to $36-37, before we can see any sign of recovery.
2019 is the year GOOS investor wants to forget about, but we are about to get back to starting line again in March 2020.
We are in economic cycle where market trend will definitely impact this stock, so uncertainty is very high but at $36-37 entry point, our Risk to Reward ratio is very attractive.
Goose slowly pick up speed and may fly again on the next EarningBearish looking short term, may be good entry under $45 if gets there again.
Need some solid news or really pretty earning report to push this up a notch. Winter is here and hopefully sales is picking up.
Got to be brave to get in before earning as anything could happen.
Canada Goose: A Likely Break-Out for Next EarningsCanada Goose has taken quite the hit over the last year as it essentially lost 50% of its numerical stock value. However, what traders must realize is Lululemon essentially went through the same process years ago when it surged from basically nothing to about 85-90.00 and also lost 50% of its value to near 40-50. Now, its about a 260+ stock.
In this case because these companies are "brands", P/E ratios can be mostly ignored here.
I believe CG will follow the same type of a trend and will continue to find support near the 50.00-ish range with perhaps going a bit below at certain times.
In the long-run, this will be a strong brand as they have diversified their product-line and international distribution. Over the course of the next 3-5 years this stock will be well over 100.00 and a top TSX performer.
- zSplit
GOOS Range Trade between 45 & 60Lots to be excited about with CANADA GOOSE. Still a newer listing and is finding its place in the market. This is a safe range trade between 45-60
Winter is coming buy some GOOSSend it after retests this most recent little pump out of the channel around 43.75. R:R posted fairly safe trade. Quarterly earnings posting soon for GOOS.
Company is known for under promising and overdelivering EPS should be good news for shareholders
send it bb
GOOS goes to $30a series of lower highs and lower lows...I fully expect a gap down with more selling pressure....take a look at the time value in the put options
GOOS: Ascend or Descend?Canada Goose has dived sharply because of the sad report, which implies it's too fat.
Will the cold goose ascend or descend in the future?
I think it can still fly for because there is a good demand zone below the current price.
So don't worry about the dive, believe that white goose.
Buy at 28-33
SL: below 28
TP1: 43
TP2: 49
White goose like white swan, it will bring good luck to us.
Goos - EW Exp. FlatGoos chart showing nice expanded flat correction after having completed it's extended 5 wave impulse.
This company is fundamentally solid, and displaying clean technical patterns.. to me, it's is a no-brainer long, & hold.
Looking for ramp up on C with targets exceeding our B wave peak. Additional fib targets in blue. Looking to add on any dips to the grey support box.
