Long Trade in DDOG

NASDAQ:DDOG   Datadog, Inc.
Datadog is trying to put end to what has been a vicious Stage 4 downtrend.

The stock fell 68% in last year’s bear market but is now rising quickly off the lows.

DDOG has reclaimed its 200-day moving average (white line on chart) for the first time in over a year after reporting better-than-expected earnings numbers last week.

The stock has stalled just under $90 per share where it has seen resistance previously. I would like to see the stock consolidate for a few days in this area (yellow triangle) to digest any sellers and then break out to new highs.

A move through $90 on above average volume would be buyable for me.


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