Background
Dynatrace (DT) is a provider of software that makes it easier to monitor software running in the cloud. DT is providing something that is essential to the next generation of software running the world.
Less than a decade ago, it was a lot easier to monitor how software was working. An engineer could observe an application running on a laptop or...
DT is coming out of golden ratio fibonacci and good cloud / app IPO if you follow APPN, DDOG, and several others. Looking at upside here once at positive earnings/ profits from work at home crowd.
NYSE:DT
DDOG
APPN
Using the Elliot Wave and trend line, it clear to me that Dynatrace share will be on the uptrend. Check this out, and do let me know your comment and feedback. First time learning to analyze a chart. 😂
Ingenuity trading Model-
Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model...
Stocks in its industry have been on a tear recently: DDOG, FSLY, ZM, SPT, TWLO, etc
Good 16 weeks consolidation after the previous leg higher.
IBD Composite rating 99
IBD RS Rating 97
Long @ $42.60
Hey my friends, DYNATRACE is looking is very interesting it is in a fake bearish configuration with a high volume of confirmed buying and a desperate attempt by buyers. We are in a collapse of the title on the TIMEFRAME 1 Min with a shadow of bulls and a large volume of sales at the end of the session. For the price increase. It is highly likely that he will break...
i think this has high upside potential, i think it's lagging others in the sector, strong institutional interest, i think we can run back to 48 again pretty quickly if the market cooperates.
DT - It has completed impulse in 4 hr time frame at last swing high. It is correcting down the impulse now within ABC zigzag down. The C wave seems started yesterday. So sell with stops above 41.86 if getting any bounce of wave 2 for target below 35 zone. The good risk reward ratio found in the set up and market is also expected to be bearish this week.
