NetApp's ( NASDAQ:NTAP ) shares surged over 24% in premarket trading on Friday, following the announcement of its quarterly earnings report that exceeded analysts' expectations. The cloud storage firm raised its full-year fiscal 2024 outlook and stated that it foresees continued strength in its all-flash products and marketplace services. NetApp's ( NASDAQ:NTAP )...
NASDAQ:NTAP
Based on my observations, the stock has been consolidating within the orange box since the last earnings report up to now. In the coming days, it could move either up or down within this defined range. Personally, I expect a bullish price movement towards the $92 area, potentially forming a double top before the earnings announcement. Moreover,...
Practising Shortstroke strategy by Bill O'Neill - Surge in price and monitor 3 weeks of action which ends at top of surge showing fund managers knowing the value of the stock..
In stock trading, gaps refer to the difference between the closing price of a security on one trading day and its opening price on the next trading day. These gaps can provide valuable
information about market sentiment and potential future price movements. Here are five types of gaps in stock trading:
1. Common Gap (Normal Gap):
- A common gap occurs...
NASDAQ:NTAP
Technical Analysis for NTAP:
If NTAP breaks above the bullish line of 69.75$, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the first target price (TP1) could be set at 71.69$, while the second target price (TP2) could be set at 74.32$.
Conversely, if NTAP breaks below the bearish line of 67.61$,...
Company: NetApp Inc.
Ticker: NTAP
Exchange: NASDAQ
Sector: Technology
Introduction:
Welcome to today's technical analysis. Our focus is on NetApp Inc. (NTAP), a major player in the Technology sector, listed on the NASDAQ. The weekly chart is currently exhibiting a Symmetrical Triangle pattern, suggesting a possible bottom reversal.
Symmetrical Triangle...
The PEAD projected a Neutral outlook for $NTAP after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 92.31%.
The PEAD projected a Neutral outlook for $NTAP after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 91.67%.
Break out of the Fibonacci Circle of the dominant upward trend
The green dotted line can be seen to be hodling
While price has climbed out of the previous 1.618 resistance and into a new fib arch
$NTAP never setup to my liking before it broke out so I've stayed away. It never took off after BO and now spending 3 days on top of its previous supply line.
Best case scenario? this stays inside Tuesday and setups up a low risk pullback (orange bars).
Moving it to secondary WL
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on September 1, 2021 with a closing price of...
NetApp (NASDAQ:NTAP) broke above resistance in Friday's trading session after a small period of consolidation. I still like this stock and will be watching it again on Monday, expecting to see a continuation move.
