chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor pls
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nCino, Inc., a software-as-a-service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its nCino Bank Operating System, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine...
Cloud system nCino Bank is using data analysis, artificial intelligence and machine learning, automates and optimizes the work of banks. nCino Bank is able to manage a whole range of processes - from opening an account to managing loans.
The company was founded at the end of 2011 in the USA by a team of bankers.
nCino went public in 2020.
Anything below $60 is a buy from my perpective.
Generally speaking, I'd long-term invest in this company, because it's about IT solutions for banking system covering broad spectrum of financial institutions.
Highly recommend you to keep a close eye on simulation of its future price action, then leap.
chart-art shows POSSIBLE uptrend , green trend-line means bullish Short to midterm.
~~N0 Speculations or arrows. And N0T trading Advise / 0pini0ns either, dyr pls. Why do these coins have same patterns, and pump in the morning & dums in the nighttime ? idk..
2020 IPOs cost way too much, and are worth buying now that they are out of style and cheaper. They provide cloud-based banking software with few, if any, competitors. It IPO'd last July at $91, too high. He recommended $68. It zoomed up, then plunged to $57 last month--the buying price. It's rebounded to the low-$70s. You can buy it at current dips, but don't rush into it.
Nothing earth-shattering here. NCNO is ping-ponging in this channel and I would expect it to go up to around $77 on or near 4/16.
I have a $70 call that expires on 4/16 as well as a credit put spread $65/$60 so naturally I REALLY REALLY want it to go as high as humanly possible by 4/16.
Earnings gave the stock a little bump but I was expecting more. Let's hope...
nCino - Market cap $6B - Hot IPO that has cooled off. Ready for a trade.
20 day MA is a weak support that might hold this time due to momentum and upcoming earnings. If 20 day MA holds, I'll expect the .6 fib to be our next ceiling. At that point, a new analysis is needed to see if you wish to hold through earnings.
Stop order around $69
I'm in @ $72.
By the...
We just had a breakout, however, the volume was low. That is why I expect a backtest or some correction before continue heading higher.
Let's see if it plays out.
I am not a huge fan of fundamentals but technical and price target look acceptable for a technical based entry.
We have some things in our favor but, as I said , fundamentals not the best. So I am allocating only 20% of average capital used to position sizing on this one .
Good luck ~
