Skechers U.S.A., Inc.
Long

long SKX (sketchers USA)

134
continuation pattern breakout with deep stop

very bullish staging on weekly, monthly, quaterly, yearly

high probability of follow through (80%)

entry $69
stop $59
max risk $100

sell a quarter (rounded) at each fib node

+$24 (sell 2 shares at 1.32 fib and set stop to break even)
+$48 (sell 3 shares at 1.61 fib)
+$96 (sell 3 shares at 2.61 fib)
trail final 2 shares


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