NYSE:TOST sitting at the ~22.50 zone. This zone has acting as a zone of major support/resistance in the past. NYSE:TOST has been consolidating at this level for the past 3 days.
Broadening formation which can lead to volatility. Looks to want to go higher after a lengthy consolidation and downtrend. Not long, but would take a short swing trade after a break of the pivot in the middle of the broadening formation
Toast pulling back to previous breakout base level. 200 MA line just turning back up (turning blue). Could use 2 to 3 more days to see how the stuck gets supported at these levels.
Watch item as we head into next week.
Reasons for bullish bias:
- Bullish Crab formation
- Entry at HH breakout for trend confirmation
- Dow theory
- Bearish divergence
Entry Level(buy stop): 20.45
Stop Loss Level: 15.97
Take Profit Level 1: 24.93
Take Profit Level 2: open
TOST broke out above value at the end of last week, and is triggering a long as a result with the target being the Monthly VPOC at $35.05.
With a stop just inside of value for the year this represents a risk/reward ratio above 5.
Market conditons are favorable.
Toast is attempting to break out of a 2 year long base. The 2 year trend is now up.
I will buy with a stop.
Best of luck.
NYSE:TOST has demonstrated considerable momentum, leading us to explore two potentially favorable scenarios for its price trajectory.
Firstly, considering the current landscape of an overextended broader market, driven by the success of NASDAQ:NVDA , the potential for a correction becomes apparent, possibly triggered by the impending NASDAQ:NVDA earnings...
Big Sideway base for TOST over last two years and after a strong earnings report this stock is on watch for a breakout.
Using the MarketWebs system (VolumeAtPrice) the trigger is a break over $22.97
Toast, ( NYSE:TOST ) maker of restaurant management software, stated on Thursday it will lay off 550 employees, about 10% of its workforce. The company also reported fourth-quarter earnings that beat Wall Street’s expectations.
Several Tech companies have instituted layoffs in 2024. On Wednesday Cisco ( NASDAQ:CSCO ) said it would eliminate 4,000 jobs as sales...
Impressive Financial Milestones: Toast's Recent Successes
Exceeding $1 Billion Annualized Recurring Run-Rate
In a recent announcement, Toast revealed remarkable financial achievements, surpassing the significant milestone of $1 billion in annualized recurring run-rate. This accomplishment underscores the company's robust business model and its capacity to...
We see $TOST in a downward channel and now a doji candle at the lows.
I swing stocks quickly and am not scared to day trade them if the gains come.
On this one, I would look for a break of $17.86 and $18.70.
If we break out of the channel that 100-day MA could be another good target.
Powell on Wednesday
TOST went public in late 2021 - just in time to get slaughtered in last year's bear market. But the stock is now turning around.
I like the late-2021 and 2022 IPO bucket since a lot of these names have not had a chance to shine in a healthy market. Many are trading for a fraction of their IPO price and beginning to shine. TOST is one of them.
After nearly...
TOST hit bottom 8.5 months ago on 12 May 2022 and began a 2 stage basing, lasting 3 and 5+ months respectively (pink and blue box shown on chart).
During its basing, there were high volume accumulations on numerous occasions.
Stage 2 basing occurred over 5.5 months with the stock whip-sawing around its 200 day moving average until the MA is no longer downward...
Base forming, Potential for a upside swing.
Can't find any catalysts beside volume pick up.
For me it is a technical play.
1st PT 19.35
Max PT 20.85
ST 17.35 but observe around 17.50
My entry 18.10 on 22/11/2022
