Had to take a position on this one! It's also bouncing off of a fib support cluster ( not shown here). I wanted to emphasize this symmetrical geometric structure! cheers
COUP is trending in a reverse ascending wedge pattern where the channel is getting wider with more range. It has just reached the top of the channel again and the top of the bollinger bands, where it has gotten rejected 4 previous times and even shows resistance on the RSI levels. I took a short position looking for the stock to retrace back to the $126-127...
Coupa is a fantastic company with outstanding growth but the stock has run so hard so fast that it will lose momentum, and in turn provide an opportunity for a short trade. The Momentum indicator is in divergence with the price, as is the CMF indicator.
Alert set for $136 just below resistance
Long term bullish.
AVERAGE ANALYSTS PRICE TARGET $120
AVERAGE...
not my favorite move but a lotta these youngins love to "buy the dip man" this is the way I would BTFD
Through 91.50 on the way up
stop at 89 for half, let the rest at 87
pro tip, put your stop below the figure so you don't get shaken out :)
Sweet setup...Monday atc. Followed by analyst's day on Tuesday. Cannot even begin to explain what can happen. Hottest sector and kinda undervalued. Please...please read up as much you can before jumping in.
seekingalpha.com
I have these:
COUP...
Coupa Software Incorporated provides a cloud-based spend management (BSM) platform solution that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications. Its spend management suite includes procurement, invoicing, expenses, sourcing, inventory, contract lifecycle management, budgeting, analytics, open business network, supplier information management and storefront. The platform offers features, such as Procurement, Invoicing and Expense Management. Procurement module enables customers to strategically establish spend policies and approval rules to govern company spending. Invoicing module enables customers to improve cash management through the effective management of supplier invoices via embedded dashboards. Expense management module enables customers to gain control of the expenses incurred by employees.
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COUP
