DDOG : BLUE SKY / SWING TRADEDatadog's (DDOG) stock is not cheap, but the company is highly innovative and showing no signs of slowing down. To illustrate, not only is Datadog's guidance for the year strong, but its billings were up 69% y/y as of Q2 2021.
Having said that, at 32x next sales, the stock is far from cheaply valued. Investors intent on being shareholders here should look to dollar-cost average into their position over time, rather than being too imprudent with one's capital.
Overall, investors should adopt a long-term buy-and-hold strategy, rather than just looking for quick gains in the name.
SOURCE : Michael Wiggins De Oliveira, Aug. 18, 2021, Seeking Alpha
seekingalpha.com
3QD trade ideas
DDOG - Heading to $120DDOG in downward megaphone pattern. ~$150 is strong resistance.
Expecting it to be around $120 zone expediated path. $150 is strong resistance and $120 is strong support.
I may plan to buy handful PUTS for once the increment gets CAP around ~$150 in TOO GREEN market i.e. RSI to be in overbought region. Hoping this to be the scenario before earning so there is stage set to act in either direction post earning.
It can happen early too so play accordingly and dont play aggressively.
In case want to play safe then consider selling calls or call vertical spread.
Note : Please do your due diligence before opening any kind of position.
Regards,
Subhash
$DDOG / LongBULLISH
Is in a Stage 2 uptrend with price above a rising 30W MA.
Relative Strength is above its zero line and trending up.
Price moved gapped up after earnings and has been correcting for the last 33 trading days (just over 6 weeks).
The correction has seen price move through a Downward Sloping Price Channel / Double Bottom.
Price has moved up and out of the DSPC and tightened up. There is a possible tight zone with narrow range and spread bars.
Price has retaken its zero ATR line.
Bullish expansion bars outnumber their bearish counterparts in the structure.
Volume has been roughly average with above average days seen around the lows of the structure suggesting absorption of supply (weak hands).
The last trading day (although this was the 23rd of December shows a blue dot (40% less volume than average).
The last bar is an inside bar making it actionable on the daily timeframe .
BEARISH
Volume has not dropped to anaemic levels.
Price has since printed a higher low but has not yet printed a higher high.
DDOG. Triangle. Target -23%We now see a descending triangle at the top reversal pattern. The price target of such models is measured along the widest part of it (23%) and set aside under the horizontal line, that is, up to $ 118. This target is complemented by the Gap on Aug 5 '21 ($ 116-126).
Cycle analysis says a return to the bullish cycle should be expected by February '22.
Not financial advice.
Take care.
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DDOG ready to move back up?DDOG:
Bullish: I’m looking for DDOG to push up over and claim $176.19. If it can do that I’m looking to follow the green levels and the orange possible resistance up to a new ath of $201. It hasn’t done too well with the short term extension(green from 4 hr) golden zone after claiming $176.19 I want to see it claim $182.27 and make its way to test $185.51. My target for now is $201 but ultimately I’d be looking to grind up to the monthly 161.8 level of $216.24.
Bearish: a rejection of $176.19 or breaking and rejecting at the golden zone again could send it to $170 below that if it really wants to go we could retest the golden zone from the weekly where it gapped out of around $160.
DDOG Short Opportunity | Pros and Cons + AnalysisNASDAQ:DDOG just broke out of a 2month long uptrend with confirmation. Short opportunity here with the following pros & cons
Pro
Just broke out of uptrend with confirmation
Multiple top pattern spotted at 169.99 level. Strong wall
Con
Stock has a bullish bias overall when looking at it from a larger timeframe
Key levels
SL
182.34
TP 1
161.05
TP 2
158.02
DDOG: Probably a 15% up move soonGreat earnings and produced a runaway gap. Then price continue to grind higher throughout the rest of the month.
Likely to see a 15% up move in the next month or so before pulling back.
This stock looks like it has a longer term perspective. If it does pull back to $125 area, then it's probably good to accumulate.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.