A study done in the Encyclopedia of Chart Patterns, "flags" like this one have the highest probability of success for trend continuation.
Stops under 69
Hello traders, DATADOG is giving a sign of a downturn, its could break from the bottom trend line, see if its breakout the consolidation zone for upward recovery.
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Looking good on all indicators and price action looks healthy.
found support on previous upper resistance of a rising wedge, validating bullish pressure.
good buy here imo
not financial advice.
stay safe
I totally understand why SaaS stocks are ripping and continue to be a big name and mover in markets. They are online, they are easy to reproduce, and all you need is a great sales team. But, one thing I am thinking about is valuation. At what point have they become detached from reality and at what point is it easy for a competitor to take away market share. For...
DDOG is running well with almost a 200% gain over the last few months. Could be worth a look.
Datadog, Inc. engages in the development of monitoring and analytics platform for developers, information technology operations teams and business users. Its platform integrates and automates infrastructure monitoring, application performance monitoring and log...
Shocking action, but NFLX and DDOG were very strong early last night. See if this is continued buying above 80 tonight. Careful in this town at the moment.
What I see...
+ Prices shot up significantly after May 11 earnings
+ It has since moved sideway thorugh May
+ The past few days had some volatility (or corrections) to pull prices back under the rising 10ma
+ -1d formed at long upper shadow
+ But Friday the Bulls came back with a strong close above the 10ma with strong volume.
- However, the MACD seems to be...
