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 management to provide real-time observability of its customers' entire technology stack.
Its safe to...
DDOG - Daily ichimoku shows strong upside momentum. I checked its chart in 45 minutes, 2 hours and 4 hours but nowhere to find a s/t turnaround. There is no gap needs to fill from past. A huge buys today was evidenced from unusual option activities too - May 15 $60 calls were bought 15K for $0.6 - $0.7. Earning release is on 5/11. So people are betting that...
That's why it's a bad buy for now : )
I'm a software developer and can tell you Datadog works. $10+ billion dollars of value today they do not provide however.
Going to wait for an opening just like with Fastly.
I am sure that everyone and their uncle could spot this one, which probably means it fails, or still has trouble moving outside the higher trendline. But I do like trading breakouts of the ascending triangles, and I will be anxious to see what the Markets and DataDog DDOG gives us next week...
DDOG is a monitoring and analytics platform for developers; they're presenting at the Needham conference on Wednesday Jan 15th. Coincidentally, they are forming a bull flag for what I believe to be the complex correction of Wave 4. Target $44 range. Short time frame, high risk. Do your own due diligence
We are at an interesting area here, where we have several MA support near resistance.
If we break 33.08 then we can try to reach the top of the channel. Tight stop loss recommended.
Good luck and follow if you like my ideas.
