Hey guys, ELASTIC N V is in a bullish dynamic with an average sales volume and a doji which makes see a rejection of the buyers. On the TIMEFRAME 1Min a doji on the VWAP with a bounce and a big shadow bulls made. It goes in the direction of its previous higher on the TIMEFRAME 15 Min. Big possibility of reaching your next highest on the daily the next objective is...
I've been watching $ESTC for an entry on breakout of this pattern. If this can push above today's high, I'll be looking for an entry over $107.30 with a very tight stop below today's low. Target is back to previous high. All TBD. Ideas, not investing / trading advice.
Long in and above box or wait for pull back long entry at lower target.
Potential Entry above $100 Upside target $110 Indicators bullish with room to run much higher
Most tech stocks have fared exceptionally well during the crash. Some of them were trending sideways for years or in a long term downtrend for many quarters. Covid was the catalyst that reversed their downtrend and proved their existence to the broader market. The uptrend is almost confirmed. Need to wick past the $100 level for full confirmation. I'll be...
Easy break out potential! Tight stops, Market was weak today yet this stock held well!
Great potential for this stock to go down and get the $30. This equals 50%! It has just reached its resistance bearish channel for the 4th time, so it is fairly reliable.
Every day I pick a few stocks - the most undervalued stocks in AMEX, NYSE & NASDAQ with lowest RSI and other technical analysis (200-day moving average action and volume change), to trade for the next day. Charts for ESTC is looking great for a 1-day long play (for tomorrow) More Details: youtu.be
Last time, I said ESTC is way too oversold, especially with that good ER. 80 would be an easy target but I strongly feel 90 will be a piece of cake for this!