NYSE:DT , Long, TakeProfit > 20%, P/L = 5/1
We are waiting for a point to enter a long position
The potential for a long position is more than 30 percent
Good luck
Price reached bottom of channel up and a breakout will happen soon
The new uptrend can reach 64$
Be careful because market can go into a correction of tech sector very soon
Dynatrace, a company with 0% debt (primed for growth) is trading in a very consistent bullish parallel channel.
Currently at the top of the channel, should come down for a beautiful buying opportunity.
Please use proper risk management.
DT was in a nice uptrend channel until it broke the Trendline recently.
Now its forming a bear flag, lets wait for 45 break for a proper textbook short entry
or
if you've risk appetite, build your short position early.
As the market breaks this sell off can accelerate.
Downside Target - 40
Company Overview:
Dynatrace Inc. ( NYSE:DT ) operates in the Technology sector, focusing on Software - Application development. As a USA-based company, Dynatrace plays a pivotal role in the ever-evolving landscape of software solutions.
Analysis Summary:
Dynatrace Inc. exhibits strong market signals, characterized by Pull Back (PB), Pocket Pivot, Accumulation,...
Dynatrace Davis uniquely combines predictive AI, causal AI, and generative AI for observability, security, and business use cases.
Leverage causal AI and analytics to get the most from your observability, security, and business data and automate BizDevSecOps workflows across your ecosystem.
650+ supported technologies
Weave Dynatrace’s open API into your...
Stage 2 retracement level is a good opportunity to purchase DT, of course have to wait and see how this plays out. Looking for support at or around retracement level and sideways movement towards right side of the cup to build a strong base prior to moving up.
The positive momentum is still intact, with the market experiencing a period of consolidation or sideways movement after a strong upward trend. This consolidation phase can be seen as a temporary pause or a price correction before potentially resuming the upward movement. Based on the analysis, the price targets are set at $56-60. SL 49.8
Dynatrace is a software company developing intelligent platforms that allow customers to modernize and automate IT operations.
Their secret sauce? You guessed it… artificial intelligence.
Now only has the pullback been shallow (only 6% from its highs), it also took place on decreasing volume.
I like to see leading stocks making shallow retracements on light...
good surprise on recent earnings, rsi 70 pierced, will wait for vcp for a buy point, want this 50 to hold else will wait for if 50 doesn't hold will vait for vcp, spy bouncing off the 20
NYSE:DT ready to break through a wall which is preventing a moving to height.
Figure is very closest to turning Head and Shoulders.
It is quite similar to that we will meet a good raising trend for this instrument.
NYSE:DT ::42.59->64::+50%::Jul 2023
Does not constitute a recommendation.
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DT reported very good EPS and REV and pointed to higher revenues and EPS in 2023, above analysts estimates.
Gross Profit Margin of 82%, net margin of 3% and revenues growth rate 35% speaks of the fact that the company is investing heavily in its growth.
The Company has a very good EPS beat history - it beat analysts estimates since it got listed. PT 57 SL 37...
Dynatrace is back in it's consolidating phase similar to 2020 after the May shake out.
An idea is to go long with a break below support / the box a stop with first target the upside 44 zone.
More upside implied with a Darvas box breakout .
DEC bull risk reversals bullish option positioning bolsters the idea of upside in the coming months.
Interesting...
I am looking for short buy on dynatrace at the end of this week or early following week. The market seems ranging between the two support zone lately for long time and I can't see the trend breaking anytime soon. From the current looks, it does like to go to support zone before retracing back to sell zone. I am expecting it to be a good buy on a weekly chart.
