$ESTC: Netherlands Data ManagementStrong momentum setup here with ESTC, going to be watching potential break outs next week
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About Elastic N.V
Sector
Technology Services
Industry
Packaged Software
CEO
Ashutosh Kulkarni
Website
elasticsearch.com
Headquarters
Mountain View
Founded
2012
ISIN
NL0013056914
Elastic NV engages in the provision of open-source search and analytics engine services. It offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization. The firms Elastic Stack product comprises Elasticsearch, a distributed, real-time search and analytics engine, and data store for various types of data, including textual, numerical, geospatial, structured, and unstructured, Kibana, a user interface, management, and configuration interface for the Elastic Stack, Beats, a single-purpose data shippers for sending data from edge machines to Elasticsearch or Logstash, and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems. It also provides software solutions on the Elastic Stack that address cases, including app search, site search, enterprise search, logging, metrics, application performance management, business analytics, and security analytics. Its products are used by individual developers and organizations of a range of industries. The company was founded by Shay Banon, Uri Boness, Steven Schuurman, and Simon Willnauer on February 9, 2012, and is headquartered in Mountain View, CA.
HEAD AND SHOULDERS PATTERN ON ESTCIdentification of a Head & Shoulders Pattern, Down Trendline and EMA 200 Tren Indicator on ESTC
ESTC HEAD AND SHOULDERS PATTERNIdentification of a Head & Shoulders pattern, downtrend line and EMA 200 trend indicator on ESTC
$ESTC Breakout Pullback SetupJust flipping through charts and came across $ESTC, really like how its setting up as a breakout pullback trade. Bounce of 50 MA with a quite inside day today.
ESTC - Cup and Handle (8/16/2021)Larger cup and handle play for this tech name. Stock is currently still forming a handle with KMA catching up which is exactly what you want to see. This stock could continue to hold the handle until they report earnings which is what happened to a lot of the earnings reports recently.
A good R/R
ESTC - Breakout; Wait For PullbackElastic has broken out and looks to be an industry leader coming soon. Wait for the retest and a good buying opportunity may present itself around the $140 mark.
$ESTC - in earningsnear the 20 EMA, MACD is primed and stochastic is supportive
Following my prior prediction for pattern
Options long and shortGreat short candidate below 100 which is a big psych number as well as the neckline for this head and shoulders. If this level can hold it is in an uptrend that can continue.
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