Trade Setup
LightInTheBox Holding Co., Ltd., together with its consolidated subsidiaries, engages in the online retailing of various products and services to consumers worldwide. It provides customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home garden products, electronics and communication devices, and other products. The company offers its products primarily through lightinthebox.com, miniinthebox.com, and ezbuy.com, as well as through mobile applications.
Stocks found in this category are low priced stocks priced between .50 and $4, with at least 50k shares of average shares trading per day. The stocks are pausing a trend either up or down, with a new bar over the prior day open or close. These are high reward to risk stocks with the potential for very sharp moves. A stop should be maintained at the low of the prior day. Target prices for exits can be determined by using the next level of resistance higher or by using Fibonacci resistance levels found using TradersPro.
