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SWRLS
Jan 17, 2024 7:57 PM

ESTC Pushing Resistance after PEG Long

Elastic N.V.NYSE

Description

ESTC making a nice run at the downward resistance on the daily. Printed a beautiful PEG after earnings in early December. Nice looking hammer candle during a weak tape suggests this should be a leader when markets bounce.

Comment

Nice breakaway gap so far

Trade closed: target reached

Another gap up and time to sell. Great gains today!
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