Earnings beat on 8-5. EMPTY GAP below price that looks like it will fill soon so watching until a candle tail or something fills gap. Monthly candle suggests a pullback is coming.
Top trendline of ascending triangle can serve as support after a clear break up and out of the trendline. Before that, it is resistance.
The A triangle and V bottom have close to the same breakout and have just about followed each other since the bottom . This stock has a history of deep pull backs and hit it's all time high 4 trading days ago.
For a V Bottom you take the V Low and subtract it from the V High. I use a little bit over that V high as a break out to be sure it pushes through prior high resistance. Ultimate target is that amount added to the break out price. I allow for stops along the way because most stocks do not shoot up 20, 30, 40 or 50. whatever bux in a few days. Although, some do! You can use fibonacci levels or 25%, 50% 75%, then 100%. For some stocks you may even go to 150%. It depends on the steength of the stock, the sector rotation, etc. IE last week, it would be difficult to set a 150% target for a bank stock. May have settled even for 50%. Looking at short percent/ratio helps me. I do not go short, but I respect their opinion.
Companys looks to be well diversified.
Now a recommendation
Company Profile
Trimble Inc. logo
Trimble Inc. provides technology solutions that enable professionals and field mobile workers to improve or transform their work processes worldwide. It operates through four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; applications for sub-contractors and trades; and an integrated workplace management software. The Geospatial segment provides surveying and geospatial products, and geographic information systems. The Resources and Utilities segment offers precision agriculture products and services, such as guidance and positioning systems, automated and variable-rate application and technology systems, and information management solutions. This segment provides manual and automated navigation guidance for tractors and other farm equipment; solutions to automate application of pesticide and seeding; water solutions; Farmer Core, a software subscription that enables farmers to connect their farm operation; and forestry solutions for forest management, traceability, and timber processing. The Transportation segment offers solutions for long haul trucking, field service management, rail, and construction logistics industries, as well as transportation management, analytics, routing, mapping, reporting, and predictive modeling solution under Trimble brand name. The company was formerly known as Trimble Navigation Limited and changed its name to Trimble Inc. in October 2016. Trimble Inc. was founded in 1978 and is headquartered in Sunnyvale, California.
Top trendline of ascending triangle can serve as support after a clear break up and out of the trendline. Before that, it is resistance.
The A triangle and V bottom have close to the same breakout and have just about followed each other since the bottom . This stock has a history of deep pull backs and hit it's all time high 4 trading days ago.
For a V Bottom you take the V Low and subtract it from the V High. I use a little bit over that V high as a break out to be sure it pushes through prior high resistance. Ultimate target is that amount added to the break out price. I allow for stops along the way because most stocks do not shoot up 20, 30, 40 or 50. whatever bux in a few days. Although, some do! You can use fibonacci levels or 25%, 50% 75%, then 100%. For some stocks you may even go to 150%. It depends on the steength of the stock, the sector rotation, etc. IE last week, it would be difficult to set a 150% target for a bank stock. May have settled even for 50%. Looking at short percent/ratio helps me. I do not go short, but I respect their opinion.
Companys looks to be well diversified.
Now a recommendation
Company Profile
Trimble Inc. logo
Trimble Inc. provides technology solutions that enable professionals and field mobile workers to improve or transform their work processes worldwide. It operates through four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; applications for sub-contractors and trades; and an integrated workplace management software. The Geospatial segment provides surveying and geospatial products, and geographic information systems. The Resources and Utilities segment offers precision agriculture products and services, such as guidance and positioning systems, automated and variable-rate application and technology systems, and information management solutions. This segment provides manual and automated navigation guidance for tractors and other farm equipment; solutions to automate application of pesticide and seeding; water solutions; Farmer Core, a software subscription that enables farmers to connect their farm operation; and forestry solutions for forest management, traceability, and timber processing. The Transportation segment offers solutions for long haul trucking, field service management, rail, and construction logistics industries, as well as transportation management, analytics, routing, mapping, reporting, and predictive modeling solution under Trimble brand name. The company was formerly known as Trimble Navigation Limited and changed its name to Trimble Inc. in October 2016. Trimble Inc. was founded in 1978 and is headquartered in Sunnyvale, California.