$SFIX -- Next leg down coming soonBear flag + my fly or die indicator both showing a big down move coming very soon :) $SFIX short pt 2
0L9X trade ideas
SFIXSFIX 1-3 week horizon
It seems like we just finished wave 4 and price currently pivoting for a wave 5 move. Price currently at the bottom channel and 61.8% fib area and 21ema which seems to be holding.
MACD lines pointing down but histogram suggest bears longing momentum. Stochastics is at oversold level ready for a move up.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
Stitch Fix Pulls BackStitch Fix is in the midst of an explosive rally, and now the shares are pulling back.
This chart compares the current pullback with the previous bounce that began on January 12.
First, notice that SFIX retraced about half its move between December 7-22. It’s currently relinquished a similar amount (61.8%) of its second move January 12-27. That may suggest the pullback has reached its limit.
Second, notice how price stabilized at the 21-day exponential moving average (EMA) in mid-January. It’s currently flattening around the same line.
Third, stochastics were oversold before the last bounce and now they’re returning to an oversold condition.
Traders might have wanted a deeper pullback toward the December high around $70, but stocks as bullish as SFIX don’t always oblige. It also has significant short interest (19 percent of the float in mid-January).
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Possible Long?SFIX has been selling off for the past week and a half. It also broke out of the short term down trend. If it can clear $86.84 area, it has room to possibly gap up to $102.60. That could take around 1-2 weeks. I am not a financial advisor and I can be 100% wrong; not to mention I am still fairly new to this. Just an idea, trade at your own risk!
SFIX short trade ideaTook a start position in $90 puts last Friday at the 1.61 extension level after the stock doubling in the last two weeks. Expecting a sharp correction on all these hype stock soon as the hype dies down but at the very least looking for a retracement to 85-90 next week on SFIX.
Channel trade, For real this timeTried shorting this earlier this week and I recieved 5 fingers to the face.
Friday Sfix recieved a 95$ price upgrade which coincidently coincides with its channel top.
Entry would be 94$,
1st target 84$ (greenline)
stop loss at 96$
3 reasons I'm bearish here
1. reached its Channel top
2.Rsi is 90
3. Completed its price upgrade.
Out of Touch with RealityMight hit low 90s but really believe this takes a 25% haircut over the next month or so. Ridiculously overvalued as well.
Using estimated MA lines to predict probable directionsBy combing the "Estimated MA" indicator together with the "Turbulence with direction" indicator, we can show estimated SMA lines (dotted lines) in the coming ten days. This bar replay shows how estimated SMA can be a useful tool for predicting price trends and crossover/crossunder of SMA lines.
Note that in a turbulence phase, price movement causes SMA line contraction. As a result, the congestion of SMA lines creates either support or resistance to price movement. In a trend, all SMA lines are following smooth paths in layers with little or no mixing the adjacent layers, which is very similar to laminar flow.
However, please note that a black swan event like a measuring gap is not predictable. In which case, the price rises more than 40% on Dec 8 and does not follow any estimated MA.
SFIX -Falling back in channelWhat could've been a short squeeze driven by recent earnings is now correcting, and perhaps falls back in channel.
Green boxes are daily and weekly support levels.
Top 10 2021 Picks (SFIX)StichFix combines data science and proprietary data with human judgment to deliver hyper personalization at scale, transcending traditional brick-and-mortar and most undifferentiated e-commerce retail experiences. The apparel market is massive. As online shopping continues to take share from offline, Stitch Fix should continue to outpace the market through increasing share of wallet, acquiring new clients, and expanding its addressable market.
Strong breakout from IPO base. Expecting a strong 2021 on the back of reopening of the economy.
Short on $SFIXI read this article and im new to this. So if im talking bs just ignore my post! But as it looks $SFIX is going down soon. If you have thoughts about this or relevant information please let me now. Id like to hear about it.
What's next for sfixsfix in my personal opinion still has some upside to it. I think it can see heights of $68. For day traders this is a good trade in my opinion. I think this isn't a good long-term trade. Do not take this analysis as advice this is just my personal opinion. Please like and comment what you think!
SFIX I would be a buyer at $26/$28 if this tanks on earnings. Remember its not about buying those CRAZY HIGH IV weeklies its about waiting on the sidelines for your opportunity!
SFIX This stock is likely going to $30 AH if it misses. upside would be $42. I would buy this on a pullback around $26/$28.
