Barracuda Networks has been on a stellar trend since they revamped their storage and SMB offerings in 2015.
The company's share price has gained over 250% since lows.
Barracuda's latest offering, Barracuda Sentinel, is helping boost subscribers to over 335K as of its latest release.
The company is expected to grow 2018 sales over 7% and 2019 at over 9%, with ...
Disappointing earnings guidance from CUDA 1.83% during its last earnings reports resulting in a 16% downside gap.
It has resulted in an extended consolidation in the form of W-X-Y.
Prices are in the midst of completing Wave Y.
A break of critical support at 9.44 (Dotted Red Line) will invalidate this analysis.
(Previous Analysis) ...
CUDA appears to be forming a triangle to complete Wave iv.
Wave D might have been completed. if not, it will not take very long to do so.
Once Wave E is completed, look to go long on a strong break of B-D trendline with a SL under Wave E.
A break down below Wave C implies a more complex pattern which invalidates this triangle setup.
(Detailed H4 ...
$CUDA .618 golden retracement w/ hanging man, overbought RSI re-entering, MACD death cross nearing.
Gap open below to former apex of coil. Think we see a retest of this level, to fill the gap to mid 15s.
CUDA jumped up & forming a Flag & pole formation. Moneyflow is also shutting high. Break of 20.07 will the entry confirmation. Our target is 22.13 that matches with 38% fib extension as well.
You can check our detailed analysis on CUDA in the trading room/ Executive summery link here-
Time Span: 10:05”
Weekly chart is very young so it doesn't say anything to me https://www.tradingview.com/x/L8zoyed9/
On the daily chart there is a failed head and shoulders pattern that attracted heavy selling as shown on the Weis Wave. I find failed H&S easier to trade than real H&S, and I see this stock going up at least to 40$ per share. The impulse is green.