Beatdown play. This chart is on the full life of the stock.
Found support on the long-term .3 Fib and at the Point of Control (POC - redline)
Pushing toward key FIB levels on all time high/low and current sell off retrace.
Fastly was beat down on subpar earnings. It was a nice long off the low.
Scaling in and adding to position at each fib retest.
Have to be patient with this one. This has been a month long trade thus far.
A hold below a previous fib and I will exit the trade.
Huge beat last earnings. Slow run up and then a spike after. I expect earnings to be priced in a bit here and we get a better run up leading in. I think we have to take profits prior to earnings though if the market prices in a beat or at least solid earnings. Earnings 11/16/2020
I'll be buying the dip again after we find a bottom after following earnings.
Cup and Handle set up with a company that is in an increasingly high demand market.
MACD cross. RSI Power Zone.
They outperformed projected earnings and dumped on good numbers.
$ZM has outperformed them in growth and market price but I don't see this as a very brand loyal market. Zoom will get some competition as companies look to streamline administrative...
17 states allow for a small personal grow while 11 states allow for recreational use. Currently states favor you minding your own business and growing your own weed over you going out and buying weed in the public's eye. 21 more states allow for medicinal. 18 states are holding out. CBD is everywhere but it feels kind of in the trendy vitamin arena.
Since we hit the "bottom", we've had 5 up trends for an average of 8 days each. We've had 4 downtrends for an average of 3 days each. We are currently on day 11 of the current uptrend. We are due a downtrend but it is very likely that there will not be enough downward momentum to carry us past a few days of downside.
If we continue on in this pattern it will be...