• Elite Gentleman

GOOS (Canada Goose Holdings Inc.) Stock chart analysis

Updated: Nov 19, 2018

Alright so here is one of my biggest misses this month. I saw this stock and was tracking it well, but didn't want to move out of my other positions to take advantage of this situation. Check out this chart and the 3 spots I marked with red circles:

If you look at this chart for GOOS, you'll see that there were 3 critical moments here. The first red circle shows how GOOS reacted when the full market was taking a nose dive. Here you can see that GOOS held above it's 200 day moving average (MA) (red line). This is an extremely bullish signal. Then again on the second red circle you can again see the stock holding above the 200 day MA despite the broader market falling. After those 2 holds at the 200 day MA around the same price, we could say that the stock had put in a bottom. Then the stock rocket higher, and on the third red circle you can see that GOOS held above it's 100 day MA despite the market falling again. Again, the stock rocket higher with the aid of a solid earnings report.

Also let's be honest here now that we've talked chart technicals. I see these coats all over the place. Whenever I ask people if they are any good, I'm told that its the best coat they have ever owned. I think this company may be coming to eat Patagonia's lunch...

Also here's a disclaimer that you should read:

This stock advice are just my personal opinion. I am not a professional stock picker or analyst. I may make trades on the information provided here and as a result it is possible for me to hold a position in the mentioned stocks.

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