CROX continued strength

8 thg 9, 2020

In spite of market weakness, ticker CROX is still holding its support line after briefly dipping below. This indicates high buying pressure. Expect CROX follow the uptrend until it hits the resistance line. Look for contracted volatility to predict when a breakout might happen. I would set a stop buy order or Open a call at a point above 42.50 (43 just to be safe. The RSI and Bollinger bands indicate much of the same: confined price swings while it is stuck in a wedge. In my opinion, there is a 2-month flag pattern being formed. A flag pattern is a Breakout followed by a wedge/ triangle pattern, followed by another breakout in the same direction. Accordingly, I am bullish on this stock in the near term.