SFIX disappointing Q2 earnings

2022年3月9日

The Head and Shoulders chart pattern is one of the most bearish signs that you can see in chart.
That was also the case with PTON:

i don`t know how they eventually turn out to corelate with fundamentals and be right.

Since it is still a growth stock, Stitch Fix needs to deliver strong momentum. Instead, Stitch Fix projected that net revenue will drop 10% to 7% YoY, ranging $485 - $500Mil below expectations of $560.5 million.
Full-year guidance is flat, possibly even a minor descent.

In this case, the Market Cap of 1.198B doesn`t justify.
We will see an all time low today.

2023年5月20日

交易結束：目標達成

Chart Pattern completed.