DataDog - Quick Technical Analysis

0. Notes to follow;

1. For my guy wash;

Comment:

1. Stock looks like a recent IPO;

2. This is technical only;

3. Stock had an all time high in Nov 2019, $43.50 Range

4. Stock had a nice consolidation denoted by that arc in green back to the $43.50 price;

5. Before that happened, a smaller consolidation took place, in the $43.50 and the $40 range; Denoted by the triangle in Blue;

6. It broke out of this pattern, with a height of $4.50 (Bull Flag);

7. That also caused the stock to breach the All Time High at $43.50;

8. The stock went right to $45, exactly as it should from the breakout of $4.50 or so from triangle breakout of $41.29 on the chart;

9. The stock corrected at this point (our network would have caught this and bought puts), and went from $45 to $43.75 or so, and then back to $47 now;

0. Stock is above the all time high and should continue to run. At this point it is $2 or so past the flag in a parabolic move;

1. This stock will continue to go higher, and should test and breach $50;

2. The stock will most like consolidate and could go down to the $45 range at this point (I would place my bet here), and would love to buy more at $45.

3. This stock will most likely consolidate at some point to get above the $50 mark, it will need a solid base to break $50, and head to $52.50;

4. If you own it, KEEP IT, if you don't wait for a pullback, and buy.

5. Stock ripe for consolidation at some point here, most likely below $50, and may test that before doing so. Exercise caution with NEW positions at this point, and wait for "possible" pullback below $50 as a correction, might do it at $49.75, then buy.

6. This is a buy on the dip stock at this point.

Cheers

- drchelsea

Comment:

SIDENOTE

Oh, my wife got "given" a job at Data Dog, but turned it down as she had prior commitments, but she did "due diligence" and her and her affluent tech crowd, LOVE this stock. 50 year old, rich, affluent, tech-minded, LOVE this stock. She wanted to go, but contractually could not.

Comment:

So the DOW dropped 600 points, and this stock is down 1.76%. Let's see what Monday brings.

Trade closed: target reached:

LOOK AT DDOG GO!

FOR MY GUY WASH!