First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis.That being said, PluralSight definitely looks like a strong buy and many analyst are saying so. It is currently having a positive chart retracement pattern and its market segmentation i.e. e-learning (specifically related to IT or MOOCs),...
Possible gap fill trade opportunity.
Alert set for break above $21.50
Pluralsight, Inc. engages in the provision of technology skill development solutions. It offers a cloud-based technology learning platform which provides a broad range of tool, including skill assessments, a curated library of courses, learning paths, and business analytics....
Possible entry level $21.67
Target price $25.41
Stop loss $20.62
Bullish setup but the RSi needs a reset before making a attempt to break the local resistance.
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In the last video we were analyzing DMF's performance against PluralSight (NASDAQ:PS) from 7/21-7/31/2019. Near the end of the video, I noticed that the study period ended with an open short position and I thought it'd be fun to do a quick peek at how it would have performed.
DMF issued a short signal just before the end of the trading session on...
Today we're looking at how the Directional Momentum Flux (DMF) strategy performed against PluralSight (NASDAQ:PS) during a study period consisting of the last 8 trading days of July, 2019. Overall, PS was rather subdued during the period (7/21 to 7/31/2019), but DMF was able to identify many momentum inflection points and generate a 13.66% return....
1. Not up three days in a row
2. Linear move up prior to consolidation
3. Young Trend
4. No breakouts or breakdowns during consolidation phase
5. Clean and low volatility consolidation
***see roboticinvesting.com for more details on Momentum Surge
Pretty new to this and wanted to get some input from others. It looks like we might be seeing the bottom of the fib entrancement. If so, it looks like it wold start to climb again from here. If it drops much lower, that trend looks to have broken and it will fall lower before retracing. Curious if anyone else is seeing the same.