NYSE:PD   PagerDuty, Inc
PoS missed on earnings and went up big couple days after for no reason. Obviously forming a pennant ,, no reason for it to break upwards. A lot of stocks are heading back to pre-COVID price range, this should be one of them.

$26-27 target, bought April puts this morning
Comment: Just tested the lower pennant line. Good chance it can pop above $40 tomorrow before breaking through.

Looks to me like the market has bottomed out for the day
Comment: Broke support, just all depends on what NQ1! does now.
Trade closed manually: All indicators show all indices oversold, closed all my short positions.

Will re-short this thing next time market gets overbought
Comment: As bearish as I am on this stock, everything points to an up day tomorrow, it does trade with tech indices.

Inverted H&S looking formation (though ugly) points to a target of $41 for Fri/Mon at which point I will reconsider shorting.
Comment: Just goes to show that even garbage will float on a rising tide
Trade active: Got back into April $40 puts, even though it didn't hit my $41 target. Will add next week if it does.
Trade closed manually: LOL, doubled up this morning on the strange gap up and just flipped it again at support.

Does appear to have support at $37 and I think the market is done dropping for the day.

I could be wrong and this could go into a complete tank but I got other things to do today.
Trade active: LOL, broke support. Decided to roll my profits into $35 puts. Worst I can do is break even if this goes up.


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