DECK trade ideas
The trading system Equity Trend to go long in #DECKToday at the market open (Dec 27), the equity trading system Equity Trend will open a long position in Deckers Outdoor Corp. (ticker: DECK)
Stock:
- Long - DECKERS OUTDOOR CORP - Ticker: DECK
Each day, the system scans around 10,000 stocks to find just 1 or 2 which are ready to move immediately.
The system combines elements of breakout trading, trend following and risk management from Turtle trading.
System: bit.ly
$DECK could be interesting tomorrow$DECK currently displays a ascending triangle with a strong resistance around 128.32 and a trend-following support line where the lows bounce. This is usually a bullish signal, but today the last minutes of trading also suggests a breakthrough down through support.
As support and resistance cross over tomorrow, the fate of the next days decide tomorrow: if the resistance is crossed, this suggests a #long position. If the support is clearly broken, a #short position could be worthwhile.
Bullish ascending triangleBullish formation, bullish trend, the squeeze likely to yield one big leg up next week
$DECKI do not usually trade upward channels because they tend to break down but this one looks promising. Higher risk trade though.
DECKObservation. Notes on chart. It's a bullish pattern, but showing divergences as well as expanded Bands which could mean the end of the current trend is nearing.
Possible downward channel forming Short Entry 92.80 Target 87/88www.stocksetups.com
daytradingradio.com
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.
