Nice move today, with well defined risk levels. Will be watching this into the close.
Possible Head and Shoulders top. VEEV appears to be testing the water at the neckline, maybe too cold there for now.. Pattern is not valid until neckline is broken in a confirmed downtrend.. The neckline is at 255.60 which is usually a level of strong support. That is why price has to break this level in order for a reversal to ensue...It is not easy for a...
Needs to build out a base; long a close above 285 or short the break of recent low.
The PEAD projected a bullish outlook for $VEEV after a negative over reaction following the earnings release placing the stock in Drift C If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
A nice pullback by VEEV poses a lucrative buying opportunity due to these 3 main reasons. 1) Business is resistant to macro headwinds. 2) The company has thrived since COVID due to securing contracts with pharmaceutical giants AstraZeneca and Merck. 3) Growing at an very fast rate and increasing operational margins.
over 312 has potential for a quick run to 330s imo! ill be watching this one for calls, either on a breakout or dip buy around 290s
$VEEV continues its Neutral to bullish move trading close the median line, trading well within the boundaries of the projected PEAD Cone.
$VEEV (DAILY) Awaiting Cup breakout as on 1st Sept 2020 till 8th Oct 2020 Possibility of formation of handle till 9 day EMA @ 282.29 Buy above high of 298.76 being height of cup supported by pivot on 2nd Sept 2020 Target Height of cup for $43 move OR Target 2*ATR for $19 dollar move RSI > 60 9 day EMA > 21 day EMA > 50 day MA
I like how top fund managers are purchasing this such as Morgan Stanley Institutional Fund Trust Global Strategist (MPBAX). Also, the management gives us a vote of confidence by owning a piece of the company's shares. :)
Earnings due on Thursday Could have a reversal entry at or below $266, and a exit at or above $271 before earnings
Here is an easy ta for Veev long: Costumer ordered this ta for option play. Veev stock is in up-trend. Last ER confirmed this bullush up-trend as you can see by bullish engulfing + hammer. Indicators: BB: Trend is at upper-band, pullack, up-trend RSI: Overbought crossing, little pullback MACD: Overbought, up-trend confirmed (crossing), pullback 200 day SMA:...
Hey traders, VEEVA SYSTEMS was on a bullish slant, its looking to want to break the trend line from the top, it could be that it turns around if its breakout not the consolidation area. Please LIKE & FOLLOW, thank you!
VEEVA to present Q2 and EPS on 28 May. Until now has beaten estimates with surprising results. Expects increase in revenue and earnings, during the pandemic period and also for the rest of the year 2020.
Veeva will be another stock that people wish they could have bought when it was "cheap".
Accumulate in the box targets the dotted black lines.
Nice breakout today , but has hit Fibonacci expansion resistance , good to see a back test of $176 before advancing