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
(1) We’ve got a golden cross (2) there was a more than 50% surprise in earnings and a decent surprise in revenue (we know earnings is more important though) (3) the stochastic indicates that price is undervalued as well as that downwards momentum is low, (4) and looks like a double bottom of support! We’ll see what happens.
Despite the volatility, TOST is still showing superior relative strength to the market, now trading 66% above it's June's low of $12.
A golden cross (50day MA crossing above it's 200day MA) might be happening soon, plus it is also trading close to the neckline of now a more apparent inverse Head & Shoulders Base.
Perhaps these are signs that earnings (expected...
TOST broke out of an Adam & Eve bottom formation on 10 Aug and has since been rather choppy, retesting the neckline support twice.
However, this stock is showing strength relative to the overall market, having already almost doubled from it's May's low @ 12.00.
It is in early days yet, expect some choppiness due to the overall market uncertainties but as long...
$TOST - Tech | Software Infra (another tech as the sector is leading in 1&3 mths RS)
traded out of a 6mths bullish falling wedge to rising 10/20 MAs and RS. pre-Fri's ER posted strongest ever quarterly sales. Fri traded as much as +19% intraday
ATH VWAP is a key pivot level now
Toast, Inc. is a cloud-based restaurant software company based in Boston, Massachusetts. The company provides a restaurant management and point of sale system built on the Android operating system. Toast was founded in Cambridge,
Toast, Inc. operates a cloud-based technology platform for the restaurant industry in the United States and Ireland. It offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk,...
Interesting IPO in the Restaurant technology space. Been watching it for a bit
3 attempts last week to rally intraday & finding sellers closing in shooting star candles
3 wicks to play against
Orange bars is what I'd like to see happen next week. if so, I'll be very interested
