If you haven`t bought NTNX here:
Then analyzing the options chain and the chart patterns of NTNX Nutanix prior to the earnings report this week,
I would consider purchasing the 30usd strike price at the money Calls with
an expiration date of 2024-1-19,
for a premium of approximately $4.00.
If these options prove to be profitable prior to the earnings release, I...
Nutanix Inc. (NTNX) presently testing long-term resistance, able to absorb monthly buying pressures.
From here, (NTNX) is susceptible to falling back to channel support, eliciting losses of 20% over the following 2 - 3 months.
Inversely, a weekly settlement above long-term resistance would place (NTNX) into a buy signal where gains of 20 - 30% would be...
Based on daily chart, the price has inched higher compare to yesterday and reach the resistance. It looks like there is a potential to breakout from sideway movement. Not only that, this stock has rebound from oversold region if we look at their weekly chart.
Looking at the NTNX Nutanix, Inc. options chain ahead of earnings , i would buy the $35 strike price Calls with
2023-1-20 expiration date for about
$1.00 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
A repeating pattern can be observed on chart
Breakdown has already begun at market open
Prior supports were contained within 2.618, now support must be found at 3.618
Still however it aligns with the diagonal support lines (Support found labelled)
ntnx currently stuck in this very trend channel ! I see no price action showing signs that bulls will take over.
bearish until we breakout from the channel, price targets are 31.9-29.26-26.63
potential bounce play once we reach 26-28 area.
goodluck! like and follow for more 💘
NTMX looking good at $39.22. Formed cup and handle pattern. Breakout on daily candle. MACD is positive. Financials looking strong. Target $52.76 Stop loss around red rectangle area $34.84
I posted about NTNX's fibonacci pattern a while back, and I want to give an update on it after the recent positive earnings report. NTNX was able to break past a major resistance, and it currently is hanging below another important short-term and long-term fibonacci resistance. NTNX should be on watch for the next few weeks, as it can form a bull flag in the right...
The prices of $NTNX dropped by around 15% on 25 Feb after it was up more than 5% after Earnings report.
Fundamental analysis:
NTNX reported a 2nd Quarter January 2021 loss of $0.35 per share on revenue of $346.4 million.
The consensus estimate was a loss of $0.48 per share on revenue of $329.1 million.
Technical analysis:
We can see the Uptrend before...
Alerted this stock in october, after a bug pull back to a strong level 21.
It made nice ride from 21 to 34
Then the stock pulled back to 30itch, consolidated a bit, but neve left the nice bullish trend.
Now breaking out.
I'm expecting the next push up, to 37 level
I am very bullish on this name, it's a top notch company with a disruptive technology that will challenge big names like VMW and MSFT in the virtual machine, micro segmentation and datacenter space.
Short term - gap from March was filled in December and it is poised to cross resistance around 34. If it holds can see a move to 38 and above. Needs some volume. I...
