Cloud/SaaS were some of the growth leaders pre and post-COVID but have significantly cooled off since the peak in August/September and did not rally to the degree other names did in November - February. ADBE is forming a flag on the weekly viewing shown here on the daily, entry provided at 475.00 over VPOC, price action resistance which also serves as a "round...
This software name recently IPOed in 2020 and is breaking ATH. Trend based fib extensions above as potential resistance levels.
Alteryx, Inc. provides self-service data analytics software platform. They have beaten 4th quarter earnings for past 3 years and Im looking for them to beat again. They have just broken out of triangle pattern on daily chart (could also be double bottom pattern). The Feb options put call ratio is high at .97, so risky to hold thru earnings. $130 calls and $130...
Relative strength on last week's market weakness, can break higher out of this descending broadening formation. Cloud/software/cyber security names looking strong into this week, we'll see if this sector gets rotation.
Snow on the daily is getting squeezed by a bullish pennant . MACD is looking ready to flip along with squeeze momentum finally finishing its sell off. With declining sell volume as well and SNOW consistently holding up its long term support line we could see SNOW gap up to its first price target of $330. Along with the trend analysis as seen we also have to take...
Alteryx, Inc. provides self-service data analytics software platform. Recorded bad earnings last quarter and has wild 15-20% swings. Short interest is 8.7 %. I like this triangle pattern to breakout, as in my last post MSFT will post good earnings and benefit tech stocks next week.
Goodrx is in the cloud software healthcare sector. Nice looking bullish pennant (lower highs , higher lows) on daily with over 28% short interest. Finviz has a $48 price target. Microsoft has earnings next week, so they should push all SaaS/Cloud stocks next week. Good luck!
NASDAQ:DBX Watch out for area b/t 2 red line, previous heavily traded area, if price can stay in b/t for another 20-30 days, all MAs will be aligned for a huge run-up. If rush up too much, then maybe a false break out since 200MA still huge resistance to the price Sentimental : lots of youtubers pumping it. SAAS overall high value VS DBX "poor" P/E ( due to...
This has moved well and been a nice trade up from the 90s and looks to continue beyond the psych level of 100.Confluence at the fib and VPOC at the 103.50 area can serve as a first target, second above at 110.92.
Nice IH&S setup with a big move that didn't hold, may need to find support before trying again.
A strong name recently that has consolidated over the past week and a half with some sharp moves up that were not held. A break should yield a large move. Major and minor fibs marked above.
After a disappointing post-IPO performance, this may be finding bottom, tightening price action may lead to a large upside move.
Strong growth metrics.
- Positive EPS expected
After consolidating, ADSK has the potential for a technical-based move upward to the top of this trend line.
Reliable pattern, slow sto oversold, name is showing strength and looks to break to the upside. Aggressive entry over 148.47, safe entry over 153.10, even safer entry over 153.90.
Zoom now has a market cap of $165 billion. It's 750% YTD and trades at a price-to-sales ratio of 126. Wow! I don't remember the last time I saw a stock rip like this with that kind of valuation and market cap. It is truly impressive, but also possibly slightly overextended. I have no position, but am watching closely. Zoom has become THE barometer for economic...
Cloudflare continues to look great. I own shares. $FSLY NYSE:FSLY had a monstrous day today and with Cloudflare being their closest competitor with a larger percentage of CDN market share, it makes sense to long Cloudflare as well. Orange trend line turned support