A weekly close above this level could mean some upside. Maybe a Gap-Close or bouncing around in this Wedge.
Possible Chart Patterns:
bullish: Double Bottom (Target 248)
bearish: Head-And_Shoulder (Target 90-95)
Nevertheless, it is at the Neckline of a Head-And-Shoulders, so be cautious of a break out of this Wedge
Also the near future depends on the Ukraine...
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
Splunk Inc. is an American technology company based in San Francisco, California, that produces software for searching, monitoring, and analyzing machine-generated data via a Web-style interface.
Interesting situation on this asset, with a good price movement on the weekly basis. Scenario that opens the possibility to different operations with an excellent...
