3QD trade ideas
DDOG Squeezing/Cup and HandleNASDAQ:DDOG has formed as a cup and handle and is now squeezing from the initial downward move from highs. Support and resistance is marked 98.99 is the all time high
DDOG Long Could be another nice long position if it breaks up on big volume... would have a stop limit on DDOG because it is very volatile.
DDOG long set upDDOG is setting up for a breakout pattern from the wage. Stock is up 190% from March low. consolidating or breathing after such as long run. Not showing any weakness in this past few red days from market. Likely move higher. Excessive volume spike shows push downward less likely it seems. Will look for confirmation in the coming week to go long.
This is an opinion. Please do not buy any stocks or other financial instruments reading this posts. These posts are for educational purposes only.
$DDOG DataDog gets Upgraded to BuyUpgraded after-hours with a $110 price target by Loop Capital.
Potential Bull-flag breakout today.
50MA reclaimed.
Volume rising
Indicators Bullish
Long entry above Fib Resistance @ $90.00
Upside targets
-$99.00 to previous high
-$93.00 to horizontal resistance
Datadog (DDOG)Another huge winner since the bottom in March. Excellent risk/reward setup. As long as its above $85, our next target is $128
DDOG Analysis Daily
Island Bottom Reversal
Ascending Triangle
Bull Flag
RSI rising since 8/7 close to crossing 50
Loss of Bearish Momentum
SMI Triple Bottom
MACD Double Bottom from 03/16 low
4hr
3 White Soldiers
Rounding Bottom + Bull Flag
Intraday Ascending Triangle
Strong Bullish Momentum
Low Volume Consolidation at Resistance
DDOG is a sell due to a high volume break below 10WMADDOG released earnings and promptly fell 20% for the week shooting 11% below the 10WMA. In the next few month it is headed sideways if not down. Saving grace is that the company has made money in the past 3 quarters.
$DDOG DataDog Potential Reversal targets
Strong resistance sits at $88.80, with 50ma also as a resistance.
Indicators attempting to reverse
Interesting Elliott Wave CountInteresting long term Elliott Wave count on the daily chart. What makes this count interesting is where some of the fib extensions land; wave 4 projection finds its end near a gap ($61.10) and a possible wave 5 projection ends at former support turned possible resistance ($83.86). I have no idea as to the date this will take place, but I am thinking it will follow the channel down to the gap.
$DDOG finally pulls back. Holding a key level.FA,
- Revenue up 87% YOY
- DBNRR(net retention rate) above 30%
- 63% of customers using 2 or more products
- Customers with ARR of $100k+ grew +89% YOY.
- Guidance of 62% revenue growth this quarter and 54% a full year.
- Gross margin>70%
- Rule of 40 fulfilled. 80% revenue growth- 4% EBIT margin = 76%.
- Good financial health
- Covid tailwinds
TA,
- The red levels are the daily levels. Daily candle rejected strongly( long-tail) off 72.15 and both the preceding candles closed above 75.00.
- Daily 120EMA
- RSI oversold
Price could very well go further down from here. I would look at entering again at the mid-'60s if so.
$DDOG Possible bounce but best entry above 57Bullish setup with oversold indicators after earnings . Possible bounce on Monday targeting 85 if the channel broken then best to wait for filling gap above 57 then entry long targeting earning gap near by 87
