Really awesome setup here and this one is finally ready. Thin volume above the major fib at 51.58. Daily candle close breaking this major descending trendline.
Shown on the weekly, at risk of breaking ascending channel. Can short down to VPOC as support. Watch QQQ for weakness before entering as it tends to follow.
Snow on the daily is getting squeezed by a bullish pennant . MACD is looking ready to flip along with squeeze momentum finally finishing its sell off. With declining sell volume as well and SNOW consistently holding up its long term support line we could see SNOW gap up to its first price target of $330. Along with the trend analysis as seen we also have to take...
excluding today and a few days ago, this signal has triggered on this ticker 5 times since Dec 2019. Every single one has hit for at least 5% and most of them for over 10%. So either we're due for a big loss to appease the gods of balance, or we can have high hopes for this one!
Elliott Wave analysis here indicates this will put in the third and most powerful impulsive wave soon with a first conservative target above. Count is invalidated below 279.10. Note that the projection here is the price level and the time this price is reached is not an exact part of the projection here.
DDOG - Currently in a a flat correction and looking for a breakout of the triangle to retest ath. With earnings approaching (mid February) we could see a nice run up to retest ATH. This company has shown strong growth and has generated great returns since its IPO in 2019, nearly quadrupling it's IPO price in 2020. DDOG reported a 61% increase in revenue for Q3 and...
Alteryx, Inc. provides self-service data analytics software platform. Recorded bad earnings last quarter and has wild 15-20% swings. Short interest is 8.7 %. I like this triangle pattern to breakout, as in my last post MSFT will post good earnings and benefit tech stocks next week.
Goodrx is in the cloud software healthcare sector. Nice looking bullish pennant (lower highs , higher lows) on daily with over 28% short interest. Finviz has a $48 price target. Microsoft has earnings next week, so they should push all SaaS/Cloud stocks next week. Good luck!
picked this one today because it looked the most 'ichi'
If cloud names get some of the rotation, one to keep on watch.
Cloudera has been consolidating near range highs and could be a breakout candidate. If the stock can hold above the 12.39 area over the coming weeks, the next move might be 16.
Shown here on the weekly, a long base of consolidation which should launch it once a breakout is confirmed.
AvePoint is "the largest data management solutions provider for the Microsoft cloud." Reached the bottom line of the uptrend channel. Might test again all-time high @17$ Stop @14$
Looks ready to move up if it can clear this VPOC. Doesn't have to fill the gap to make this a worthwhile move.
Switching bearish here; since Volume-Cloud gave Sell signal
Price went back to the same level as it was when the TK cross occurred giving us an opportunity to add to our position
DT should see a healthy pullback to the trendline, above the company which is consistently growing and recently became profitable should see exponential growth. The company recently announced new product updates and there is an entry into the cybersecurity field, a back of strong new customer additions, and solid ~36% ARR growth - making it a great long-term...