VFC maybe a nice short if it breaks down 71,25.
LEV is very negative.
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VFC maybe a nice short if it breaks down 71,25.
LEV is very negative.
[QUOTE=Artur;29313]VFC maybe a nice short if it breaks down 71,25.
LEV is very negative.[/QUOTE]
Hi Artur.
This could indeed be an interesting trade.
The Pyramid data are rather negative (Negative sector, negative LEV). The only positive is the market, but it is a big positive!
[ATTACH=CONFIG]28026[/ATTACH]
[ATTACH=CONFIG]28025[/ATTACH]
I tested below a breakdown below $71 on high volume and the data is not very encouraging.
This does not mean that this time would not be different, but in the past this stock has not reacted well to breakdowns.
[ATTACH=CONFIG]28024[/ATTACH]
Since you posted an interesting idea, I am sending you separately the Breakout Calculator.
This way, you will be able to test your own ideas.
Here is a video on the envelope
[url]https://www.youtube.com/watch?v=cRJ4hirKaXs[/url]
and here a video on an example of how to use the Breakout Calculator.
[url]https://www.youtube.com/watch?v=ZNOyySbXvQU[/url]
Pascal