VEEV is a fundamentally very strong stock
Right now its in a bull trend so entry can be made now
Entry : Current market price i.e 207
Stop loss : 199 or 182
TP 1 : 220
TP 2 : 225
TP 3 : 230
if it breaks the 230 level then we have further upside to
255
260
265
280
The key is to hold and be aware of the resistance/support levels
The movement will be...
We are all motivated to do things out of own interests, whether we know about it , admit it or not. There will be and will continue to have analysts, brokerage firms, famous gurus, coaches, myself included sharing with you a particular stock and you may be tempted to go with them.
Before you do that, I suggest you DO YOUR OWN RESEARCH no matter how convincing...
Large symmetrical triangle with a smaller one contained inside.
It appears the last earnings report was received well.
Diagonal resistance overhead.
Possible M pattern forming. Probable Cypher or Shark, maybe a Nen-star since peak 2 is higher than peak 1 if this pattern continues to form.
The Cypher is measure with the 0 fib level at the top of the 2nd peak. ...
Veeva Systems has been chopping higher since the spring. Now it may be offering an entry for dip buyers.
The first pattern on today’s chart is the rally after earnings and revenue beat consensus on August 30. VEEV is trying to stabilize at a 50 percent retracement of the move. If it succeeds, it could suggest an uptrend is in effect.
Second, the current price...
Analyzing the options chain and the chart patterns of VEEV Veeva Systems prior to the earnings report this week,
I would consider purchasing the 180usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $4.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
Similar to many other ideas - it's really starting to look like so many tech stocks have huge moves yet to come in them...and this is only the beginning of a multi year melt up.
The PEAD projected a Bearish outlook for $VEEV after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
This is a daily chart of Veeva Systems (VEEV), a healthcare technology company that provides cloud solutions for the global life sciences industry.
When the company reported its earnings on August 31st the stock price subsequently gapped down, as shown in the chart above. From a probability standpoint, this gap is likely to be filled for the reasons below.
1....
$VEEV - everything goes according to plan. We crossed the 200SMA, we might retest back there. There's a huge supply zone around $227-$240 where the stock is struggling today. I own shares and sold covered calls for August 19, 240 strike.
The PEAD projected a Bullish outlook for $VEEV after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
Another stock that seems to have bottomed. 10, 20, 50 MA curled up, it's a lot above 100 MA and I wouldn't be surprised if we retest around $192 and the 100 MA before we grind higher. Also, the 200MA is pretty far away so we might be moving in this range for a bit but overall, the trend looks better than other tech names.
Veeva is a technology company that connects pharmaceutical companies with clinical trial sponsors operating under the guise of Salesforce cloud.
Earnings are on June 1st and the stock typically gaps down. Luckily, there is major support going back to 2019 at $137. That would price it at around a 30 forward PE in 2 years. I would like to see it consolidate around...
Another favorite healthcare technology stock of mine. Back to April 2020 levels. Massive 7th month of downtrend. Earnings coming soon. If this doesn't turn its course it's bad and I can see it going to 140-118.
The PEAD projected a Bearish outlook for $VEEV after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
Some basic rules I have for shorting:
Must be below all key moving averages on the daily time frame - 10d/20d/50d/200dma
Broke down from a stage 3 top or in a stage 4 decline
Basing period / consolidation - the longer the better
Low relative strength rating (not RSI - people mistake the two)
Group/industry must be weak on a relative basis
Ideally earnings and...
