ABC Bullish

lauralea Updated   
NASDAQ:QLYS   Qualys, Inc.
Earnings do not seem to go well for QLYS and it seems folks start getting nervous beforehand according to the chart. I did not look at earnings but it is obvious from the chart that it was not received well. The red vertical lines are earning announcement dates. Possibly this is why short interest is on the high side on this one as a rule. I guess the shorties just wait until earnings date and cover their shorts. But seems it recovers and goes back up, so possibly a good swing trade candidate. I would keep up with earnings though dates (o:

Possible Targets 2 (T2) which are longer term targets are 177.5 to 195. It is usually best to focus on targets 1 for the time being.

Long entry level is an at or above level.

The bollinger bands are set on an 80 MA verses a 20 MA and when price pierces the upper of lower bands on this setting, there is an excellent chance price will reverse, at least to the midline or the 80 MA (moving average).

Negative volume stays high on this one so there is interest. I just would be sure to sell before earnings (o:

There is support at C but C can be retested and is not a given. Any pattern can fail. Targets are calculated using the AB leg of this pattern using Fib levels. A good place to put a stop is somewhere below C, but not AT C due to possible retest.

Spinning tops and dojis are the last 6 days candle which represent indecision, The top does not look fantastic/Possible H&S/
but it does look as if support is being formed.

Long with caution..

Not a recommendation.

When the market conditions are getting sloppy the only thing that can protect you is a trading plan.
Long term, this is in an uptrend, despite the falls in price after earnings.

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