YETI -- symmetrical triangles mark important trend -- up / down

5 בדצמ׳ 2019

Over the past weeks / months a pattern is seen ---- These triangles more often mark a continuation of the current trend, with positive news and sales results. But reversals can occur. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout occurs over time here. This is on a daily chart. You want to see diminihing volume over time as the Bulls and bears wear thin BEFORE a major breakout in either direction.... Do you think we seeing something now?? not certain just yet.. but volume was certainly UP today on the recent news with Sachs givng new BUY rating to YETI this morning. Hmmm.

(Just my opinions. Please use your own judgement and caution when buying or selling Day trading or otherwise.) . :) Thank you.


NOTE : The past 5 earning reports have ALL been POSITIVE. for YETI. It is a "want product" or "Gotta have it" type of product. Sales are strong.