Another huge winner since the bottom in March. Excellent risk/reward setup. As long as its above $85, our next target is $128
Daily Island Bottom Reversal Ascending Triangle Bull Flag RSI rising since 8/7 close to crossing 50 Loss of Bearish Momentum SMI Triple Bottom MACD Double Bottom from 03/16 low 4hr 3 White Soldiers Rounding Bottom + Bull Flag Intraday Ascending Triangle Strong Bullish Momentum Low Volume Consolidation at Resistance
Setting up well on daily. Close above 83.8 today will have room to run upside
would like to enter calls on this tomorrow, Aug 85 and Sep 90c, will watch for entry
DDOG released earnings and promptly fell 20% for the week shooting 11% below the 10WMA. In the next few month it is headed sideways if not down. Saving grace is that the company has made money in the past 3 quarters.
Strong resistance sits at $88.80, with 50ma also as a resistance. Indicators attempting to reverse
Interesting long term Elliott Wave count on the daily chart. What makes this count interesting is where some of the fib extensions land; wave 4 projection finds its end near a gap ($61.10) and a possible wave 5 projection ends at former support turned possible resistance ($83.86). I have no idea as to the date this will take place, but I am thinking it will follow...
FA, - Revenue up 87% YOY - DBNRR(net retention rate) above 30% - 63% of customers using 2 or more products - Customers with ARR of $100k+ grew +89% YOY. - Guidance of 62% revenue growth this quarter and 54% a full year. - Gross margin>70% - Rule of 40 fulfilled. 80% revenue growth- 4% EBIT margin = 76%. - Good financial health - Covid tailwinds TA, - The red...
Sell now Buy level on the chart Profit 20% Stop Loss 5% Wish you luck !
Bullish setup with oversold indicators after earnings . Possible bounce on Monday targeting 85 if the channel broken then best to wait for filling gap above 57 then entry long targeting earning gap near by 87
Descending Triangle Pros Descending volume Gap down + red candle April 2020 gap to fill Cons New ticker. Low sampling If confirmed PT1 = 70,09 PT2 = 64,84 PT3 = 61,17 PT4 = 57,49 (for gap fill)