This is a perfect example to fine tune earnings based rules for entry . I think todays gap down is all too familiar in the stock market around earnings and thus not too hard to avoid .
My strategy, although it try's not to trade too close to a stocks earnings , does not have concrete rules for
1) max days I can take a trade pre earnings
2) How much of a de...
First trade of the year .
With a valid GTM , but stunted , progressive exposure is key , I have no idea what this company does and I watched their website about us vid , so just bought squiggly lines . I know their EPS traits are good and their chart looks nice , and that's all .
Showed RS yesterday and is qualifies as a TT's name .
Notes:
* Strong up trend
* Great earnings QoQ
* Basing for the past ~8 weeks
* Pulled back to its 50 day line and found support around the 18.17 area
* Now coming up on the right side of its base with higher than average volume
* Offering an early entry
* Printed a Pocket Pivot, indicating institutional demand
Technicals:
Sector: Technology - Communication...
$EXTR - showing relative strength today, breaks out from consolidative flat pattern. Small long with stop just below today's low. Market opened weak, so starter position to test waters.
EXTR with price acting as the right shoulder of an inverted H&S
This is also within a broadening structure or megaphone
Price may breakout of this structure
Weekly chart
Ive never heard of or watched this company before today and at a glance, my knee jerk reaction is to short this. HOWEVER, the pattern is a bit different here post earnings beats. We see the usual sharp rally, followed by a sell off but this one is much less shallow. Its tested obvious resistance at 12usd 5x. Watching to see if it whether it will break out or...
$EXTR
Oversold candidate due for a bounce. Near term trading target price $10.80. Can also be bought as investment.
$JNPR interesting as well.
Both need some cooperation by the Nasdaq.
Extreme Networks, Inc. is a leading provider of a next generation of switching solutions that meet the increasing needs of enterprise local area networks internet service providers and content providers. The key advantages of its Layer 3 switching solutions are increased performance, the ability to easily grow in size as customer needs change, flexible allocation...
Couple names in the communication/network is setting up nicely. Here is Extreme Networks with a cup and then box trading base setup. The volume pattern looks very constructive. On my focus list for this week.
Extreme Networks Inc (EXTR)- PROVIDES NETWORK INFRASTRUCTURE EQUIPMENT FOR GOVERNMENT, EDUCATION, HEALTHCARE, TELECOM INDUSTRIES.
After adding more of this stock to my portfolio today, it's always a nice thing to see a bullish sign at the end of the day.
This stock didn't suffer the same downturn as other stocks today, so I'm hopeful that it's a sign of a strong sign.
If it starts pulling higher in the next day or two, I'd expect it to break out above previous highs.
Good luck - do your...
Looks to be bouncing off of a retracement and looks to have a 25% upside in the near term. As always these are my own observations - please do your own research.
I find it interesting with the entire tech sector taking a dirt nap that EXTR didn't really have the same downward reaction as the others.
I decided to add more on the ever so slight dip.
Looks bullish at this point.
Strong after earnings move. bullish flag above all sma's
Not overbought
Now expecting next leg up.
Stop below 5.50
Targets 7,8
Contextual immersion trading strategy idea.
Extreme Networks, Inc. provides software-driven networking solutions for enterprise, data center, and service provider customers worldwide.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position...
