long SKX (sketchers USA)
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
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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