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Nothing Works, Either The Trader Works or Doesn't WorkThis post is a trade plan of IOT. Making a consistent trade plan helps to structure ourselves as traders. This give us some control in the ever-changing uncontrollable environment of markets. At first, it may seem tedious to do all this work, but that is only because our mind resists any kind of structure. The title of this post is saying to quit chasing after the perfect method and spend some time setting our own foundations. Implementing a focused consistent method is like a framework that you can learn from and even design new methods from within that framework. The key is the focus and consistently in what we do. In the video, I also talk about the components and process of a swing and how I use them to design my methods. Don't think in terms of technical analysis, think about it in terms of structuring simple buyers and sellers to see who is in control at any given time. The end of the video gets cut off a bit because i tend to babble too much and run out of time but there will be more as I go through the 30 trades exercise. Shane
NYSE:IOTLong
by ShaneBlankenship
IOT: Next true market leader? Company possess good internal qualities to qualify for TML (true market leader) characteristics and to be among performing stocks in new bull market (if we see one in coming year(s)). Among these qualities are: 1. Increasing triple digit earnings growth last two quarters in a row; 2. Consistent double digit sales growth 4 qrt in a row; 3. Analyst covering the coming are expecting it to become profitable from 2024, thus good rising eps targets; 4. Number of institutional sponsorship is increasing 4 qrt in a row; 5. Management owns 5% of the company; 6. Company is in top group and sector (IBD ranking). Chart is also showing signs of institutional accumulation is under the hood with strong weekly closes on volume pick up. Structurally speaking, we may see first impulsive wave structure - waves (1)-(5) - with double bottom corrective structure - wave (2) - are in place. In this structure holds true, price needs to stay above local Jan low and move confidently to next mid-term resistance zone of 41-48. Clearing 48 border will open the door for the path of least resistance towards next macro targets: 78-108, 130-176 and 213-290 areas. Wishing you profitable 2024 and thank you for your attention!
NYSE:IOTLong
by artemfedorov
🌐💻 Samsara (IOT) Posts Profit in IoT Sector 📈Samsara, operating in the "Internet of Things" (IoT) sector, has reported a notable financial turnaround, posting a profit of $3.9 million. This marks a substantial improvement from the $18.7 million loss reported in the previous year. Key highlights of Samsara's performance include: Financial Highlights: Profit Reversal: Samsara has rebounded from a loss of $18.7 million in the previous year to a profit of $3.9 million. Data Platform: The company's platform gathers over 6 trillion data points annually, showcasing the extensive scale of its IoT data collection. Investor Sentiment and Outlook: Investors have responded with optimism to Samsara's improved financial performance and its position in the IoT sector. The bullish outlook sets a support range at $29.00-$30.00, indicating a level where buyers may provide support. Upside targets are set at $50.00-$52.00, reflecting positive expectations for the company's stock.
NYSE:IOTLong
by Richtv_official
IOT possible Long ideaWhile market was overreacting from the Fitch downgrade of the USA, traders did what they do best, they traded and analyzed. After a short holiday, I am back with monitoring markets and checking for some nice profit making possibilities. Therefore, I found a good play in making, Samsara Inc., ticker IOT. Things to consider when looking into this new tech stock are: 1. There is a Cup and Handle formation in forming, the pattern is far from done and it will need some time to be completed, so I will wait and monitor closely the price action. 2. There is a huge Double Bottom pattern in making as well, which needs to broke levels between $28.78 and $30.82 price range to be considered a valid break of the pattern. 3. My guess is that the price will fall from this level, up to the smaller support level sitting at around $21.69 to $22.58 price range. If it falls to that price level the Cup pattern will get it's Handle and this will be my first buy point. I will test this price range with 20-30% of planned buying. 4. If I am wrong and price continues to drop from that level, my Stop Loss will be sitting at $20 round. I will sell everything at this price range. 5. If by some chance we don't get Handle formation but we got the break of the Double Bottom pattern instead, I will be entering my trade at around $29.75 as my first buying opportunity. 6. My Stop Loss will be set at 8% range from the entry price, sitting at around $27.2 price level. Please be aware that this is on Weekly level and it will surely take some time for everything to be done as analyzed. Of course, as always, please do your own due diligence before investing your hard earned cash.
NYSE:IOTLong
by De_Banis
IOT | InformativeNYSE:IOT The bullish line is at 27.77, indicating a potentially bullish signal and suggesting upward price movement. In this scenario, the target prices could be set at 28.30, 29.05, and 30.09. On the other hand, the bearish line is identified at 26.59, suggesting a bearish signal and the possibility of downward price movement. In this case, the target prices could be set at 25.64, 24.52, 22.24, and 19.50. * Based on the sell pressures on the recent daily candles, I'm personally bearish.
NYSE:IOT
by shkspr
1
Bouble bottom confirmed! $IOTAfter a double-bottom, the stock price pulled back to support and now is breaking out and getting near its IPO price. The OBV is already above its IPO levels and the MACD keeps trending higher. Also, AMEX:XLK is the leading sector, this should help NYSE:IOT price action. I entered 1/3 of the position as the market still needs more work to get aggressive. Samsara provides an end-to-end solution that allows businesses that depend on physical operations to harness IoT data.
NYSE:IOTLong
by dpuleo19
1
Samsara Pulls BackArtificial Intelligence (AI) has become a big theme recently. Let’s take a look at Samsara, a newer company with potential exposure to the trend. The first pattern on today’s chart is the price level at $17.49 where IOT peaked last August. Notice how the stock paused below the zone on March 2, and then ripped higher after quarterly results beat estimates. (Interestingly, it was the second straight quarter with a bullish gap higher.) Also notice how prices tested and held the same level on March 23. Second, the 50-day simple moving average (SMA) rose above the 200-day SMA early last month. That kind of “golden cross” may suggest the longer-term trend has grown more bullish. Next, stochastics have slid to oversold territory. Finally, the current pullback has potentially completed an ABC correction. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:IOT
by TradeStation