I am liking the supports of SMAR enough to take a long at 61.86 with a modest target of 64.50. Believe we can keep going here with more thrusting upwards action.
Showing a loss on earnings, this seems like a nice pump and dump situation to me and a good short setup.
SMAR looks like it can potentially be a good ER run-up play (12/9). Historically, it runs up hard towards ER and dumps after ER report. If there is enough momentum, it can break this triple top and rally up another leg into ER. Entry trigger is on break of $60.82.
SMAR Smartsheet inc YTD 24.83 its has very little debt. target price $61.41 again the stock has been overbought and is selling for a drop off over a week.
$SMAR has been consolidating for 6months - since May - and has formed a bullish inverted H&S. ER is in early December and considering swinging a position trade through 2021 on this one. One of the cheapest stocks for its growth rate available in software. Neckline of $53 is active currently and should see new highs above $60.
Earning coming out Sept 2nd. This thing has been a huge chop fest over the last 12 months. Stan Druckenmiller likes this company and bought some shares during the 2nd quarter. Lets see how these earnings come out.
This is one of my favorite companies around, given it's low valuation, high margins, and huge TAM. This also trades both 1.) at a discount to competitors and 2.) within a range for the last year and a half, so I think it might be time for SMAR to have it's day in the sun. At the very least, something to watch.
Hey guys, SMARTSHEET is in a bearish configuration, it could be that it seeks to return to the volume run at the end of the session. The stabilization zone can be broken and for strength it will depend on the volume of purchase. Please LIKE & FOLLOW, thank you!
- Breaks Resistance - I do expect this to fill the gap a least to $55 - Possible Retest to $60 - RSI is right on neutral between 50-55 on the daily -MACD indicator shows momentum to the upside is starting . - Currently holding July 17 $55 Calls @ $.80 average
SMAR has now broke resistance and has begun to fill the gap in its chart. This gap plays all the way up to the $57-58 range. Looking for SMAR to fill the gap
I. Analysis 1. Uptrend interrupted by a steep gap down on massive volume - Structure broken, with price trading below 20 and 50MA - we are looking at shorting opportunities 2. Two price rejection candles have just been formed at: a) 50MA + 20MA area b) cumulatively, previous support, potentially rendered resistance - we are looking at selling entries from...