CROX - Adam & Eve breakup
CROX has the potential for a bigger run as it broke out of an Adam and Eve formation with strong volume, and prior to that there were already several strong volume days (stealth accumulation!) during the base formation. Any near term pullbacks will be opportunity to long, with the neckline likely to hold as immediate support (~$65).
Could face some headwinds as it hit around $84 eventually. But after some consolidation, should it be able to break above $84 then a longer run is definitely underway.
p/s watch out for Earnings expected this Thurdday (before market opens). Any selling on "news" could be opportunity to stake if it hold above the neckline @ 65
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Could face some headwinds as it hit around $84 eventually. But after some consolidation, should it be able to break above $84 then a longer run is definitely underway.
p/s watch out for Earnings expected this Thurdday (before market opens). Any selling on "news" could be opportunity to stake if it hold above the neckline @ 65
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
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