Wedge and reversal zone bounce. Good time to go long.
Friends, I come to you with a RED ALERT - Company with disruptor tech only understood by software engineers (Kubernetes) - Similar to $PLTR ranged for a month+ in a bull flag - Currently on 5th try at breaking the resistance of wedge (PLTR broke out on 5th try) - Tech season, many other accumulated tech companies breaking out with political unrest settled *** ...
Bull flag formed for PSTG, MACD goes up, waiting for more confirmation and a bit more volume. I expect it to go up at the end of this month. p.s. it is just an idea and it may be wrong. Make your own investigation before investing, choose your position size wisely and don't forget about stoploss :)
This has been consolidating at these levels around the "handle" portion of a massive cup. Recent M&A rumors have been circulating and we've observed unusual call buying activity. The fibonacci extension is indicating that a probably next leg up target is around the $28. We remain highly bullish.
Unfortunately I see a little bit of downside next week with some heavy selling in the 20s. This is just a small correction though, and I will be buying into downtrend to $21. We will see a parabolic run soon enough. PT: $35 by ER.
Expecting PSTG, a gartner magic quadrant leader in storage arrays to eventually breakout of its IPO base in 2021, driven by Proliferation of data (175 zeta bytes by 2025, a 27% compounded annual growth - source IDC) and hybrid cloud adoption
PSTG fib retracement for the following months following beautifully. Chart dates back 3-4 yrs.
Getting into PSTG on a dip back down to the 20 EMA I will continue to reevaluate daily to ensure that waiting on a touch of the 20 EMA is going to happen. This is on the heals of a golden cross.
Patience is playing out for longs on this one. The chart is creeping up towards the 0.768 Fib extension target of $23.48.
Pure Storage PSTG, Long opportunity. Not a day trade or swing. Has formed a nice base and seems ready to steadly increase. Target 20$ for earnings at the end of November. Unless big market crash or cloud bubble, should flag for a while , consolidate and then start its bull run.
looks like a longterm bearish trend to me but it does have potential to turn around here if it can cross over 20-21 resistance. id wait for a break over that for a swing entry, goodluck <3
PSTG target 20.4t to 21.3
Analyze using SMA of 15, 50, and 200 and pivots to look at the resistance and support levels
Possible Wave setup with a positive earnings catalyst. We're long here.
I like PSTG if this holds here. Another big holding for ARK funds, and with earnings on the 25th you should at least be able to ride it up to the top of the channel
We have a bullish ascending triangle we are breaking out of now and will be confirmed if we close above $17.77. Also have a golden cross on the 50 and 200 EMA soon to be bullish crossover on the MACD. Measured move of the breakout should take us right to $20. Good luck traders.