SMARTSHEET INC

NYSE

SMAR

As ever, I am only looking at possibility and despite weakness in the indexes this seems a promising pattern.

Broke wedge

Looks like a short-term bottom to me.

SMAR is a hypergrowth name that I am betting will be a winner for the rest of 2019 & beyond. This stock has just appeared on many peoples radar and I am sure its following will increase. We have a real grower in a hot sector (SAAS). Barring an overall repricing of assets I think this one provides plenty of alpha. Will be watching this one closely & trying to...

..BUT still holding UTL support. If a breach of that line, I would shy away.

VERY nice 'Holy Grail' setup here!

Rolling the dice here

Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Many lower wicks can be seen on the candlesticks before up move initiated – minor price action factor but shows buyers coming in to support the price 3. Prior support turned resistance level near...

SMAR testing resistance point for the 4th time since forming channel started in October. Volume interest has grown since late December, which can fuel a breakout of the channel. Watch close here. Strong breakout of volume can likely put this into a new upward trend or higher channel.

SMAR is recommended by top analysts, while it has a Zacks Rank of 3 (hold).

SMAR Comparsion 2

SMAR comparsion

SMAR support at 24. Hoping for quick bounce to 26-27 range. Looking for quick trade, nothing more. Stochastic oversold for quite a while now. I think the initial euphoria has ended since the IPO (SMAR is in the hot S-A-A-S sector). Stop-loss at 22.50 (it's tighter than I normally do but we will see). Good luck out there!

SMAR has rapidly increased since it's IPO. This 4h chart shows a clear double bottom with resistance at $26.18, buy the dip, this stock is going up.