Bulls Resume: CROX and CMG
Pullback is finally over, and the bulls seem to be able to take control once again with the support from earnings.Expect this rally to test recent high and even May high. Here are a couple of setups to take advantage of this rally:
CROX Perfect pullback to 20MA and consolidate there while market was selling off. Tuesday's relief triggers the rally from CROX to resume its strong up trend.
Here is the trade & chart analysis for CROX.
CMG - Broke out of major resitance and consolidate at the high while market was in correction, break out of the consolidation on Tuesday on market strength and resume its uptrend.
Here is the trade & chart analysis for CMG.