Skechers U.S.A., Inc. : A potential recovery
By Pierre Gilles de la Londe
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$53.95 | US$0 | US$51.7 | -100% |
Graphically, a good opportunity has emerged. A strong support is defines by the upward trend line at USD 53.5. So, the price could be lead to USD 57.8. This level correspond to the next resistance. This scenario is confirmed by all moving averages which are clearly bullish.
According to both fundamentals and technical analysis, a good opportunity could has emerged to open a long position on Skechers. The target will be the USD 57.8 level and a stop-loss order could be placed under the upward trend line around USD 52.