NTAP has moved into the gap area, and is now poised to challenge the next resistance level. This stock has had recent HFT activity and is likely to have more HFT attention on the day of its earnings release. The candlestick patterns are solid ahead of earnings. Watch for pro traders setting up for a pre-earnings run.
NetApp is a Data Storage company for Cloud Technology. The Financial Services Industry is reporting a huge increase in Cloud Services usage that is starting in 2019 after a very conservative interest in Cloud Based Storage and services. This could potentially help NTAP complete this short term bottom and begin a new business cycle for the next couple of years....
NASDAQ:NTAP Trigger: $63.66 after a pullback. Buy Stop: above 62.66.
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Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
NetApp was one of the earliest companies in Cloud Technology. It had a stellar rise in price in 2018 but is now at risk of a topping formation. Data Storage is still a growth sub industry of the Cloud Industry. However, NTAP has gone beyond its fundamental values for 2019. Support levels are on the chart. Bounces should be expected around these price levels. This...
$NTAP NetApp appears to be holding the 50d ema on the weekly chart. Will look for a bounce from this area medium/long term, assuming we close this week at or above this support. Target $100 by January.
Note: Informational analysis, not investment advice.
Really just don't like this one at all. Don't like the chart, don't like the technicals, can't remember off top of my head if analyst upgraded the stock (which, is usually why I go over earnings if I'm not convinced), but the numbers were insulting. Hate trying to call a top that doesn't result in the most profitable time / target price, but so this is more of a...
NTRP seems breaking down forming a H&S formation. It has fair amount of insider selling & strong Twiggs money flow divergence. We think it will decline down to $50 area.
To play this we would consider $55 June puts, Which are $1.73
* Trade Criteria *
Date First Found- March 28, 2018
Pattern/Why- H&S formation short
Entry Criteria- Current price...
Look back in the time, February 2011 highs (red arrow)
And now in February 2018 the price is dealing again with a resistance zone in 60.00
But when the price is close to a resistance level: THE RULE SAY DO NOT BUY AT RESISTANCE
Then why I promote this buy long idea, if it will not work
There are something that the reader should know about my method: