The last breakdown from ATH happened before their earnings for some acquisition news.
It recovered quite quickly since August and tested ATH again in September. Now sitting at 21ema
Whats good here?
+200 Psych level under us
+Big Volume shelf VRVP and Support $196.75
+Above all significant MAs
+2 year of consolidation in this Range Box
+this cloud/security/software sector has been taking a back seat with AI push but its consolidated very nicely in the last few months
What we need for the Swing confirmation?
+Earnings can be a catalyst or some news that can bring the shift
Plan
+Adding 1/3rs size now and will scale up if it holds 200
+Risk vs 196 will bail if vrvp wont hold
Manage risk first and profits will take care of themselves
It recovered quite quickly since August and tested ATH again in September. Now sitting at 21ema
Whats good here?
+200 Psych level under us
+Big Volume shelf VRVP and Support $196.75
+Above all significant MAs
+2 year of consolidation in this Range Box
+this cloud/security/software sector has been taking a back seat with AI push but its consolidated very nicely in the last few months
What we need for the Swing confirmation?
+Earnings can be a catalyst or some news that can bring the shift
Plan
+Adding 1/3rs size now and will scale up if it holds 200
+Risk vs 196 will bail if vrvp wont hold
Manage risk first and profits will take care of themselves
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.
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.