Alphabet's reported contemplation of acquiring HubSpot ( NYSE:HUBS ), a prominent player in the marketing software arena. The news, initially broken by Reuters, sent ripples across the market, with HubSpot's shares surging by a notable 9%. This potential acquisition holds significant implications not only for the involved parties but also for the broader tech...
I posted the idea yesterday on turkey 101, here is the precise expectations:
- drop to ~353 by mid next week, small bounce then continuation to the 332-340 range to complete wave 4 before August concludes
- wave 5 will be around 438-456 and realized in December
Cool company, among the most volatile names, went from 90 in Mar 2020 because of covid to 860s in 1.5...
Hubspot has been riding a nice channel up since March low. But what stock hasn't? There was some BIG sell volume from the previous week which lets me know that we will be sitting sideways for the comming weeks. As I've annotated before, the earnings will dictate the future direction.
Although a good stock to add to the watchlist, it is currently overpriced.
I would like to see this get below the 80MA which according to the Williams% chart, tends to be when the stock is oversold.
HUBS currently needs a lot of movement to get down to the 80MA, set alarm up crossing the $200 and watch daily from there moving forward.
The green area is an up...
