Splunk looks like it’s ready to run here. Formed an inverse head and shoulders pattern on the daily chart. MACD above 2.5 RSI above 50. 50MA about to cross over the 200MA Keep this on your watchlist. - Factor Four
Inverse head and shoulders at a key place (bounce of bullish trendline) If we can close above key level, we can use it as an entry to two PT zones before next Supply.
strong 4 month old inverse h&s formation.. target $162
Splunk (SPLK),W1: Support line + Breakout of resistance line + Volume + Sell off
It has been about a month since the last earnings report for Splunk (SPLK). Shares have added about 25.9% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Splunk due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at...
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on May 4, 2021 with a closing price of...
130 seem strong support Maybe a nice buy and hold for the next 3 month
Convergence of support levels and volume shelf here at 135-126. I suspect the downside for this one is mostly done. $121 is the next fibonacci retracement level; but I'm not sure it gets there. I'm playing the $142 calls here. Not advice, just my opinion here. Goodluck.
I missed shorting this last week. But here is my take why. Despite Covid bringing in Tech revenues higher, SPLK has fallen short in Earnings. In fact the gap widened. This goes to show that SPLK is where the money is leaving. Even if they catch up and close the gap( which they definitely could not have) the smart money is going to bet elsewhere. I dont have a...
Reversal Trade: The stock has hurt me in the past but when you trade with a rules based strategy you have to follow your process and not let emotions or past losers get in the way. Hopefully there wont be another earnings calamity Reward/Risk: 10/1 Entry: 153.14 or at a lower price Stop: 149.00 Target: 187.00 Options Play: April 16 160/165 Call Vertical
SPLK was a range reversal trade that was underwater for most of the month but is now beginning to show signs of life. I have moved my stop to the most recent swing low at 159 and I am still looking for the stock to fill the gap (185-205). Rate of change is slightly positive which is encouraging. Still a while until earnings so no major planned news coming. Hoping...
CCI and STORSI rising, and a buy signal on SPLUNK. Potential is about 50 % rise.
We’re adding SPLK to our portfolio this week as this Cloud Enterprise company produces software that searches, monitors and analyzes machine-generated big data. Look to establish Leaps on SPLK at current levels, exact trade details in Video Update. Wave Count Invalidation level at 142.
If the 151 low holds this is potential a great play back into the range area near the earnings gap at 206. As long the overall market holds up and volatility continues toward 20 and below SPLK might be able to make an advance
- SPLK - Overreaction after earning - Expecting a retracement to at least 170.00$ - Gap to fill to 185.00$ - Cross of MACD - Looking good on the RSI Good success!
So this one is purely technical and simple as it gets. We are looking at Splunk stock - if you are not familiar with it its a data analyzing software company , machine data platform mainly... but we don’t really care about fundamentals on this one -this is a pure technical move. Stock had bad earning released last week and fell from its highest high at 225 all...
As you are no doubt aware, Splunk posted disappointing earning and is up against stiff competition in it’s primary revenue. However, this is a technical analysis to highlight a couple of point aon why I’m watching this stock. Look at the gap! When considering the data from November onwards, we see a huge gap up last month and a huge gap down just last...