There is a gap to be filled. Might get to the lower support level before it fills the gap. one to watch for easy money..
Splunk, recently downgaded to a sell, shows a stiff resistance at the $223 level. Two days in a row, it had tried to break this level, and both times it was rejected and sent back down. Notice a couple of Dojis on the pattern on the uptrend, usually signaling a reversal, we then look for an area of value, which we now have. Support Levels at the 20MA, 50MA,...
This is a Bullish indicator signaling SPLK's price could rise from here. Traders may explore going long the stock or buying call options.Tickeron A.I. dvisor identified 49 similar cases where SPLK's MACD histogram became positive, and 39 of them led to successful outcomes. Odds of Success: 80%. Current price $188.46 crossed the resistance line at $184.26 and is...
Splunk has a solid uptrend over the long term, as well as a STEEP uptrend since the major pullback of March. The stock had crashed roughly 40% in March, comparatively over its overall uptrend, and bounced off the Fibonacci ratio of 61.8%. This was met with strong resistance, which coincided with a steep uptrend. Currently, we are witnessing just a small profit...
Looking for the breakout of the descending triangle. I have much confidence that this company gets bought up or out- pushing share price up. At very least, a test to the $5 price level seems very possible at this time.
In a strong bullish trend since its inception, somewhat stretched in its last periods. I would wait for the price drop to buy with a patron. If you like my analysis, help me create a hedge fund! gf.me/u/yc5udd
Splunk Inc (SPLK - NASDAQ) is in impulse wave pattern. It has completed 4th subwave of 3rd wave up. It is moving up in 5th subwave of 3rd wave up. So small pull back within 5 min time frame can be used to get in to trade for new high. This is out-performer to SPX. In weekly time frame, it is in 5th wave of C wave up.
$176.31 is the confirmation for cup pattern. It is breaking out with high volume. If you find my charts useful, please leave me "like" and "comments" thx
SPLK - Still like this trade. Could consider June $125 puts again. Stop 135.15.
SPLK is shifting to a trading range pattern as it enters a new all time high level. SPLK gapped and ran up strongly out of a mid-trend short-term bottom.
I started a position on $SPLK towards the end of day due to some really nice pattern. It had recently broke out of it's 8 month base and consolidated above the $142 area. After holding support at $142, $SPLK made a nice flag pattern and rose near highs today. $SPLK is also pivoting off the 21 EMA which is always a strong bullish sign. Being the first flag...
Splunk looks to have several indicators having a bearish divergence recently in addition to it breaking below the 8day MA. If it breaks/closes below the 20day MA it's headed back to $141-$138 level in my opinion. Happy hunting. My opinions only. SPLK
The daily chart of Splunk broke out of a bull flag pattern yesterday & has seen its bullish momentum continue in today's trading. The stock is also trading above heavy VPVR levels which can allow it to continue to run higher. My first two price levels are based on a Fibonacci Extension. The third target is a combination of both the Extension level & the bull...
Software stocks have been hit a lot lately but they seem to be making a comeback with better charts. $SPLK is one that is lagging but is making a triangle and is almost at the apex. Its a do or die situation for it but I believe it resolves itself upwards. With earnings scheduled for around Nov 20, it has plenty of time to consolidate more or just go north now.
I'm trying a new strategy, 2 week trade. Sept 27 exp. Cost $1.89 Profit target is $217.70, Cost to cover is $122.85 2.31% of Capital. Good position. This strategy may work out we shall see if SPLK is bearish only downside is I have 2 positions now. However this is simply a test. Lets see how it pans out.
$2.01 Cost of spread $110/105 Put spread Exp Oct 18 Cost of max loss is $130. Max gain is $200 This looks rather bearish against the core market which made a breakout after RSI started to rally against reduced momentum on the bear side. This trade looks fine. Probability is good and reward is decent too.