Get started
gingerheadtrader

NTNX resting on support. On its way to $25?

Nutanix, Inc. (NASDAQ:NTNX)  
gingerheadtrader Updated   
NASDAQ:NTNX   Nutanix, Inc.
Trend Analysis
2
1
trendanalysis
On this 2 hour chart of NTNX green lines represent trend lines and blue line represents support/resistance. We see a large spike in volume, MacD crossover, now once we get confirmation of price reversal off the trend line and an RSI spike, we buy.
snapshot
Comment:
I closed my position for a 1.6% gain. I'd rather take small profits than risk anything, the price action just didn't get the volume it needed for the next leg up. Maybe next time!
Comment:
I SHOULD mention though, that the price action appears to be in a symmetrical triangle and if there is some PR this could still pop up. Stop losses are your friend :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.