YETI Long & Short, timing is everything.
YETI
Short Term View: Long
Descending wedge still has room to develop. Watching for a breakout to the upside and targeting $92 area. Stock has sold off 30% from the top and if it continues its downtrend to the bottom channel it will be -35%. A rebound is likely with upcoming earnings unless the overall market goes into full crisis mode.
Long Term View: Short
Assuming this bounces from oversold levels, I am looking to initiate a short position due to overall market and a lot of other names already crashing (ZM, OSTK, PTON, etc, etc.) Along with what i see to be earnings deceleration on a lot of companies after the stimulus dried up, no unemployment, inflation pressures, interest rates, fed tapering, etc.
Short Term View: Long
Descending wedge still has room to develop. Watching for a breakout to the upside and targeting $92 area. Stock has sold off 30% from the top and if it continues its downtrend to the bottom channel it will be -35%. A rebound is likely with upcoming earnings unless the overall market goes into full crisis mode.
Long Term View: Short
Assuming this bounces from oversold levels, I am looking to initiate a short position due to overall market and a lot of other names already crashing (ZM, OSTK, PTON, etc, etc.) Along with what i see to be earnings deceleration on a lot of companies after the stimulus dried up, no unemployment, inflation pressures, interest rates, fed tapering, etc.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.