looking like a strong buy zone in effect, even the owners are grabbing shares before they announce profits so let's see what happens here could be interesting diffidently some upside in this stock. keeping an eye on this one for a long position.
Double BOTTOM with BULLISH BAT STRONG PRZ Earlier this same Pattern given good reaction on Type1 entry i.e REACTION & Hit TARGETS now price is again in PRZ Zone of Pattern Therefore it becomes a TYPE2 Entry which is REVERSAL price need to follow Green Trend line & hit target If price Breaks Red Trend line is where EXIT before SL hits POTENTIAL BUY
Looks like a breakout from it's trendline... looking for a dip to settle above the trendline to confirm - might be a good entry before a run up to ATH - that scenario would create a C/H. NASDAQ:CFLT
$CFLT bounced off a significant price support, an area of value with significant buying interest. this would be the 3rd time $58 held through the 3 period of market weakness (Oct'21, Dec'21 and now)
As you can see on my chart $CFLT has broken out of the short term downtrend line. It had a bit of a retest today, but so did the indices. This pullback might be a great entry opportunity. I'll be keeping a close eye on this one as the RS Line is also pointing higher (with a trail off today). I'll be looking for an entry in the next few days. Maybe tomorrow if all...
possible long, sitting at support, PT raised by morgan stanely
Huge volume on the last ATH run from 70-95... setting up once again, accumulation during the digestion - mark minervini VCP.
* One earnings report that was better than expected * General up trend * High relative strength in the tech sector * Offering a pocket pivot setup on the right side of a constructive basing pattern
$CFLT broke out of its 1st week IPO high $58 in September & pullback w/ successful test of that level early this month. Its building a nice cheat shelf. If you buy the BO on Monday, you are forced to use a Max 8% stop below Friday's low. Ideally, I want to see inside day Monday to gives us a way to anchor around a lower stop less risk entry of 6% or less.
IPO intraday trading strategy idea Confluent designs data infrastructure to connect all the applications, systems, and data layers of a company around a real-time central nervous system. The share price is rising and gonna continue this trend today. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a...