Alignment and partial compression of multitimeframe fibo clouds signal an increase in the probability of reaching the first target. The final target is a possible bonus with a risk-return ratio of 3. Risk management with realization of the first target and moving the stop loss is an indispensable part of this operation.
ESTC making a nice run at the downward resistance on the daily. Printed a beautiful PEG after earnings in early December. Nice looking hammer candle during a weak tape suggests this should be a leader when markets bounce.
Acting very similarly to its previous earnings gap. Three day surge that stays overextended (4x+ ATR from the 10-day avg) for about two weeks, rolls over into 10ema & erVWAP. Expecting similar results or more serious follow-through?
Low volume holiday trading ahead.
Just flipping through charts and came across $ESTC, really like how its setting up as a breakout pullback trade. Bounce of 50 MA with a quite inside day today.
Larger cup and handle play for this tech name. Stock is currently still forming a handle with KMA catching up which is exactly what you want to see. This stock could continue to hold the handle until they report earnings which is what happened to a lot of the earnings reports recently.
A good R/R setup would be a pullback to the 23EMA with a 5% stop loss or a...
Elastic has broken out and looks to be an industry leader coming soon. Wait for the retest and a good buying opportunity may present itself around the $140 mark.
Great short candidate below 100 which is a big psych number as well as the neckline for this head and shoulders. If this level can hold it is in an uptrend that can continue.
Hey guys, ELASTIC N V is in a bullish dynamic with an average sales volume and a doji which makes see a rejection of the buyers. On the TIMEFRAME 1Min a doji on the VWAP with a bounce and a big shadow bulls made. It goes in the direction of its previous higher on the TIMEFRAME 15 Min. Big possibility of reaching your next highest on the daily the next objective is...
