on the right we have nio, trying today to break over the MA 50 dynamic resistance, and on the left we have pure storage, trying to bounce off the MA 200. as you can see, both of them bounced off the MA 200, but while nio did jump high today, pure storage didn't yet. because of that, I believe we will see a jump within 2 weeks in pure storage too, not a big %,...
Filecoin seems to be looking very strong. In the past I had mentioned FIL in one of my idea and the target got hit, but also left the possibility for more upside open. And I do believe more upside is coming. Especially if there is a reduction in the inflation rate.
Not really a cloud-trader, but the recent drop made me look for every TA tool in the book to satisfy my urge for confirmation bias. Since ICLN announced readjustment of %-holdings, this retest of the Cloud Top makes me believe that the long term uptrend is still intact.
Cloud/SaaS were some of the growth leaders pre and post-COVID but have significantly cooled off since the peak in August/September and did not rally to the degree other names did in November - February. ADBE is forming a flag on the weekly viewing shown here on the daily, entry provided at 475.00 over VPOC, price action resistance which also serves as a "round...
Great looking weekly and monthly charts with a double bottom/rounding bottom that it is just beginning to break out of. Eyeing Jan 2022 50-55c.
DDOG looks like it'll keep moving in this channel either until we have a fundamental catalyst (news) or until we inevitably see a break and retest, which would pose as a good trade opportunity.
NET NYSE:NET is a riskier play at this moment due to the overall weakness in tech stock and market conditions. But, in comparison to other companies in this sector NET is holding up fairly well and showing some relative strength. NET tried to get over $76 today and failed to hold above. Testing a strong support zone for the third time over the past two months...
NET has been beat up since earnings, had strong volume on Friday's trading session, is SlowStoch oversold on the daily, and could catch a bounce if tech does.
SL: 0.95 TP1: 0.7019 TP2: 0.6624 TP3: 0.5996
Nice cup and handle with a falling wedge breakout - targeting 25+ next week. Some more extended targets are: 26.65 27.13 27.83 Good luck!
Bearish rising wedge pattern on declining volume. Under the VPOC could see a fall to the 234.00 area.
LINK is still massively undervalued and the Pitchfork shows this out. The mid-line alone still has LINK in the $100 range by March. If you don't think this is possible in LINK then I suggest you take a look at UNI's chart when it moved from $3 to $20 in the span of a couple weeks. Considering the spate of recent news out in LINK from: 1) NASDAQ ETF - ...
This name moves big every once in a while and price action may be hinting one is on its way this week. While it 'filled the gap' with the wick a few days prior, it could not close and hold over. Subsequent candles show a good degree of buying and selling pressure which can indicate a larger move coming.
3 possible path i see playing out here. Manage your trade with possible structures.
I think this company has a place in the market for sure.
Breakout from the bottom of this ascending channel but found resistance at the fib above and closed below the VPOC. Both will serve as resistance, entry over the high of day should see continuation.
Relative strength on last week's market weakness, can break higher out of this descending broadening formation. Cloud/software/cyber security names looking strong into this week, we'll see if this sector gets rotation.