SFIX disappointing Q2 earnings

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.

Trade chiuso: obiettivo raggiunto:

Chart Pattern completed.