DerekD_

$BLKB - Officially the only setup I'm taking during ER season

Short
DerekD_ Updated   
NASDAQ:BLKB   Blackbaud, Inc.
Took me 10 years & a half to find a chart I could see a realistic outcome going into earnings. Hella frustrating - even more so because some (what looked to be) decent setups ended up getting destroyed come earnings. Regardless, this is a real particular type of short play to me just because of how reliable it's proven itself to be. Last ER play that sticks out to me w/ same pattern ($FDS) - couldn't have played out better. 55 low MA (white) w/ issues of gaining traction above 180WMA - red flag. The curve is really the outlier for a target, just because it's more of a dip you can call if you know how to call the top before it. I usually like to see price right below 271% fib, & regardless of if it's in middle of 271%-314%, the 20EMA above 223% fib is / should be the short entry point. Any move above the 314% fib would obviously be a stop, but I think $W & $AMZN are the only tickers I've seen this setup on before that've gone above & beyond that point (let alone had it been upcoming earnings). If anything, my original idea on $FDS was based on the white curve forming a pocket (how it typically does for a dip) @ or right around where dip should / would end up. In this case, the 55 rejection of 180 WMA may / may not be something more than a dip.

Comparison patterns : $FDS, $WLK, $BABA, $BIDU, $FANG, $TECL, $CA
More than a dip Comparisons : $FDX, $DQ,


Comment:
Hate how it doesn't post the actual link. $FDS June 25th (above), post is on my page in case anyone wants to get a visual
Trade closed: target reached

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