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TOONIICE
Nov 11, 2021 6:54 PM

CFLT outlook - needs few days  Long

Confluent, Inc.NASDAQ

Description

Huge volume on the last ATH run from 70-95... setting up once again, accumulation during the digestion - mark minervini VCP.
Comments
djasonunchained
Looking very nice! Very strong Q3 ER. ATH volume due to IPO lockup expiry on Monday. That it didn't deflate immediately is a good sign. 70-95 a little too wide like you said, but not a too far fetched response to a strong earning season + projections. There has been a massive sell wall set up everyday at 91-92 while the price has been steadily hovering between 86-90. Looks like big players are loading up before taking off.
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