EGHT has pretty tradeable volume areas, I split them in 3. All of them are worth for swing trades. Long on the bottom line and short at the top line.
Hgihg buy/sell volume can push EGHT into the next area.
I consider the next entry at $16.20 for long until $20 and so on - nice setup to set alerts and watch.
I saw EGHT 11/19 $20 PUT sweepers and they caught my eye as I've honestly never even heard of this stock. Great time for me to learn.
After checking the chart, it appears to be a nice short set up so I followed the sweeps :
-Bearish death cross
-Bearish MFI and RSI/Williams
-DEC 20 unfilled gap below
-Huge volume gap , can easily "fall off a cliff"
-Rejected...
EGHT $25-30 strangle 12/18 contracts at equilibrium $27.50. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of...
Hello my friends, 8X8 is in a bullish continuation with a slowdown of sellers or the shadow accompanied by a low purchase volume. On the TIMEFRAME 1 Min we can see the upward continuity with strong potential to breakout the stabilization zone to go upwards on the other following zone. 8X8 is going to move towards the top of the stabilization zone, which...
We can observe from the chart that there is a support at the price of around $14.35, especially from the wicks. There seems to always be a buying pressure to push the price up to the support whenever price falls below the support level. However the Stoch RSI is indicating the price could still drop further. I would observe for the day first before taking a position.
EGHT - Ichimoku chart doesn't show any time soon to buy. But the interesting thing is that unusual option activities show 6/19 $17.5 contracts were bought for 12K+. Not sure what good news will come out but it seems the only upside gap to fill is around $17 - $19.
EGHT reported the other day - lackluster and some execution risk as they pushed things out for 6months. Looks like they tried to start a big partner program which didnt work well with their inside sales people. fyi - this never works well. Their trying to sell the enterprise product down market and just said sales didnt have the right tools. I think sales was...
Stock has a momentum build up for the past 3 years, but it has been increasing in volatility as the bigger picture ascending triangle has been setting up.
Recent high just got broken, but the high volatility associated with it implies a greater risk + chance of reversal.
With such increased volatility and weakening momentum, a pullback seems to be up next if not...
8x8, Inc. engages in the provision of enterprise communication solutions. It offers solutions to business services, education, financial services, government, healthcare, and manufacturing industries. The company was founded in February 1987 and is headquartered in San Jose, CA.
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