8x8 is considered one of the leaders in the VoIP space. Today it broke out of the long term falling wedge at $3.61. They recently added AI to their calling service to improve customer interactions and savings. This should be a very nice run. They beat earnings analysis last quarter by $0.053 and likely will beat it again next earnings. Rumors have been...
On the above 8x8 8-day chart price action has corrected over 90% (slightly annoyed it wasn’t just 80%). A number of reasons now exist to consider a long position, including:
1) Price action and RSI resistance breakouts.
2) Strong bullish divergence with multiple oscillators.
3) Support and resistance. Price action lands on legacy support, look left.
Is it...
This is not a financial advice!
Waiting for pullback before entering. arround 5.5 area. SL under 4 .0 - TP 8 - 10
Most info on the chart.
Trade carefully!
EGHT broke out of a year long down-channel today. Earnings report on 1/24 - several consecutive quarters or profitability. Expecting an EPS miss, as per typical, with minimal effect on the trajectory. Looking at a slow rise back to the moving resistance line - somewhere in the range of $16.70 - $17.25.
Steady gains. Let's go.
8x8 Inc. EGHT forms “Bottom Triangle - Bottom Wedge” pattern
Optionable Stock
4th Qrt Earnings May 19
This stock has formed a pattern called Bottom Triangle - Bottom Wedge, providing a target price for the intermediate-term in the range of 13.80 to 14.30.
The faster moving average recently crossed above the slower moving average, signaling a new...
