SKX calls @28 OCT 16 2020
Thesis as follows,
Holding previous daily level resistance as support
RSI 4h,1H Buy signal
Bollinger bands bottom
Wedge and trendline bottom
Holding 0.382 Fib
Fundamentals ✅
More sensible to wait for a turnaround in sentiment as I risk more downside but this is a kangaroo market.
If this was a trade I would,
Exit : $30.2
Stop loss: $25.7
Thesis as follows,
Holding previous daily level resistance as support
RSI 4h,1H Buy signal
Bollinger bands bottom
Wedge and trendline bottom
Holding 0.382 Fib
Fundamentals ✅
More sensible to wait for a turnaround in sentiment as I risk more downside but this is a kangaroo market.
If this was a trade I would,
Exit : $30.2
Stop loss: $25.7