On this one, 2 confluences are already in place which are the 2 resistances. Now in order for this trade to get activated, we need the double top to be valid and sell then.
Will it get activated ?
This one is approaching a critical long-time respected resistance. If a double top can be formed and the price breaks the trendline a short position seems to be a perfect choice in the upcoming hours, Stay connected !
Dynatrace Inc offers software intelligence platform for the enterprise cloud. The intelligence platform is designed to address the growing complexity faced by technology and digital business teams. The platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the...
DT is testing resistance along the upper trend range. We have some ranges to settle before testing the overhead supply in the trendline above.
A break of the current buy zone range will likely find resistance at the mid-range supply created around $52. A confirmation of a check back to the buy zone indicated on the chart would give a nice entry for a move to test...
This setup is only relevant if we can get that daily close below this neckline.
As i have already stated to TeePee Students; I want to hit a stop on this, and i will not trade it on a live account. all the reasons for this were shared in our live session earlier today. Targets (1.758 & 1.743) are fib ext targets (1& 1.618). i don't think the previous relevance of...
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...
DT Ascending Triangle - Long right here, right now. Looking for breakout along with entire software sector. DT is lagging the sector breakouts (FSLY LVGO DOCU today for example) and is a strong buy.
DT - MASSIVE $ selling recently. $1b in selling from one insider alone (20% sell). Looking for a break of 34.93. Stop signal 37.67. Target 1 30.53. Target 24.37 Target 3, 19.33. Could consider August $35 Puts.
Dynatrace has not been actively traded for very long but the daily chart has created a cup & handle pattern which just needs a breakout for confirmation. The backside of the pattern can be interpreted as a bull flag that would have broken out during today's trading session. Notice how the RSI held the 50 level as well as the stock exits an oversold condition. The...
