Chart of CROX is an hourly chart. Technical analysis assists to make decisions to adjust the trading plan:
1) Tighten stop loss from 19 to 21 to lock in profits of 26%. 21 is the price of the new previous low swing.
2) Fibonacci analysis assists to select a near-term target price range between 30 to 33 as the next resistance area to decide to stay long or take profit. This is if price can break through the previous high of 28.42.
3) Set a caution ALERT at 24.8 to analyze the trade to consider selling partial shares for 49% profit. Technically this price 24.8 is hitting support of the 200 day moving average shown in yellow, and getting closer to the trendline shown in purple, and at the 50% retracement line of the Fibonacci pull shown in light green. (Using ThinkorSwim platform, the triggered ALERT immediately sends a text message to my cellphone.)
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