Deckers Outdoor Corp - TriangleWatch-out this triangle formation for a potential move to the upside. Ideally I would like to see a another day down to enter long around 80.00 or at 83.00 break-out. Never heard about this company before, I normally wear more expensive clothes, but looks good on the screen.
DECK trade ideas
Explosive potential from Deckers Outdoor Corp Deckers Outdoor Corp has spent the first half of this year grinding out a weekly pennant after a 100%+ move FY 2013. The interesting part about this 6 month pennant is that it represents the cup to a 2.5 year cup and handle formation. With RSI remaining in the bullish zone, minimal OH resistance, as well as a MACD cross on the daily I'm anticipating an explosive move to the upside in the intermediate term.