Categories
Consumer Cyclical (Footwear)

$CROX . Bearish cross.

 

$CROX has a a few bearish signals aligned.

1. From the Chikou Span, we can see a Head and Shoulder formation is sighted.

2. The Chikou Span has also cut the Tenkan sen; a confirmation that the support has been breached.

3. Tenkan sen has cut Kijun sen; forming a weak bearish cross.

Currently, the price is trading just above the kumo. However, we can see that the kumo support is not very thick and $CROX can easily pierce through this support and head towards $15 in fast trades.

By iam802

Trend trading with Ichimoku