#VeevaSystems hit the resistance. There are two ways; one ise fake breakout since the volume is getting low, or forming handle and break next time. It is so powerful anyway. Worth to watch this stock for a long term
If we see a strong finish over the flat top of the triangle with heavy volume then there is a good chance that price will hit $165.
Tier 1: 2018 low YTD VWAP near 143 as support Tier 2: Add breakout of 61.8% retracement from prior high Tier 3: Add position on breakout of 170 neckline and prior swing high
Shows support $138, and all bullish indicators are turning up
Reversal trade into earnings. downtrend broken but needs a up market today. Resistance $151 - $148
sell after break the low of the last candle
RSI is front running price MACD bullish after crossing above zero. Histogram continues to tick higher. Momentum in strong uptrend
The fundamentals are there. Revs +25% last Q. Earns are due March 6th.
One software stock after another has come to life and ripped higher in the last few months. Salesforce.com , Alteryx , ServiceNow , Trade Desk , Adobe : the list goes on. VEEV is another member of the group that's now trying to make its move. It's formed a broad basing pattern since last autumn. That followed a 100 percent move between early 2018 and...
Trendline right above. Lots of support below, this can be a big mover if market holds up.
Newsletter shill I got. Tapping the weekly demand block multiple times, refusing to go down. Breaking downtrend line.
Veev is a cloud computing company for biotechs that is on a tear. after jumping up massively in past year, Veev has consolidated and fallen slightly. Please see RSI and MACD trends and relate them to previous trends in boxes. Veev looks to be going higher in the coming months. I'm in at $150 and will keep updated
Veeva to get back to it's all time high by the end of the year, per my model. I could see another 10% on top of that in a rotation into the sector. It seems a base has been put in, so my stop is right below it. Thanks for your like and more importantly, for you FOLLOW! Please DM or comment below with questions. Let’s make money together!
VEEV has now been making lower highs and lower lows, as its repeatedly tested the $130-$140 mark. The support line has been tested now 7 times and looking to breakdown to the next level at $134. I entered in at $140 for a potential 4% short.
Buy above 157.25 only target 162.25 target 165.25 sl 155.25
Software showing real strength, look at the 140 support on $VEEV
Earnings are expected on the 11/26. Last Q they beat and guided higher with 27% sales growth. The market is clearly worried that SaaS stocks are too expensive and running out of growth opportunities. I always wait for earning to be reported so I miss lots of good buys but occasionally miss a bad pullback. I do own the stock.