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CANADA GOOSE HOLDINGS INCCANADA GOOSE HOLDINGS INCCANADA GOOSE HOLDINGS INC

CANADA GOOSE HOLDINGS INC

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GOOS trade ideas

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.
TSX:GOOSLong
by gNnairdA
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
TSX:GOOSLong
by PaulDeep19131
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