Hey man, that's helpful, I am looking at initial target of $142 first. Do you still have the position? Cheers.
mansur7
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@yunting225, Yeah I am still running this position. My stop loss is now at 118.42 and it represent 1.5% of my portfolio. If anything we had a nice retest of the neckline, more reason to be bullish! Datadog is the leading company in its market.
yunting225
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@mansur7, agree! I entered at a higher price so set a SL at around $121.2, and soon it reached $135 recently but didn't sell and drop a consecutive days..I managed to redraw the support and resistance level at around $118.5~, bearly shake out, but luckily can hold the position still. I wonder the large selling volume was due to high insider trading on previous day.
mansur7
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@yunting225, Great! You know how these things work, shake out the weaker hands before momentum resumes on the other side so definitely can't rule out high insider trading.
mansur7
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@yunting225, Just saw the chart again on the daily time frame, your stop loss is below 20 EMA so it is to go higher, it should find plenty of support there.
yunting225
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@mansur7, thanks for support and share~still learning and back-testing. Cheers!