NYSE:PSTG is relatively strong stock during this overall market correction, consolidating from March, and is now right at the MA-50 even when the indices once crashed down further below. A break out above this trendline would provide a buy signal.
Pure Storage jumped to a new record high on strong earnings last month. Now, after a few weeks of consolidation, some traders may expect further upside. The first pattern on today’s chart is the bullish gap on February 29. The data-storage company has remained completely above the gap, which may suggest there are few sellers. Second, prices held the rising...
Entry: $35.11 Stop: $33.33 Exit Goal: $37.78 w/ Trailing Stop on the way up Risk per share: $1.78
Analyzing the options chain and the chart patterns of PSTG Pure Storage prior to the earnings report this week, I would consider purchasing the 36usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $2.25. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
Looks like the squeeze is slowing and a bull run is in the future for this beaten up stock. There is a huge gap to fill back to the $26 line.
Bullish pennant for PSTG on the Weekly chart. Not confirmed. Pros: 1- PPS above 50MA and 200MA 2- RS above 0 but barely 3- R/R ratio above 5 4- 250RSI above 50 and climbing 5- 50MA above 200MA 6- Both 50MA and 200MA ascending 7- Golden cross circled in Marth 2021 8- Post formed with volume 9- Descending volume during pennant forming Cons: 1- Figure is not...
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 25/61.80%
downside breakout of channel > return move > rejection off channel bottom. PT is ~$16. A close above $31 would invalidate
NYSE:PSTG in the data storage industry breaking out from a fisrt base after it bottom. NASDAQ:SPSC in the computer software industry, specifically in supply chain solutions, breaking out from a fisrt base after the bottom. Both are 1st in their IBD Industry Rank. PSTG made a cup that could fuel a good move, and SPSC has its next resistance +25% away. Which...
$PSTG tightening up just below neckline of multi month base. Two tight bars in a row, and inside-day bar on Friday.
$PSTG shaping up nicely here for potential move next week. will be on close watch.
Pure Storage Inc (PSTG) Long position Entry price: $29.95 Take profit: $34.89 Stop loss: $27.44 Risk/reward: 1.98
PSTG setting up a extreme bottom bounce pattern and going long over the next week with presentations at 3 conferences through sept 13 by iCantw84it 09.07.22
PSTG reported solid figures yesterday and provided guidance above consensus expectations. The company has positive Free Cash Flow and attractive valuation. In our view, we may watch for an attractive entry around $28.0 (this level provides solid technical support) with lower risk. On good days on the stock market PSTG is definitely set to run to its price target...
Notes: * Steady up trend on all time frames * Great earnings track record * Basing for the past ~8 months * Pulled back to its 20 day line and is now moving higher with volume Technicals: Sector: Technology - Computer Hardware Relative Strength vs. Sector: 3.54 Relative Strength vs. SP500: 6.42 U/D Ratio: 1.24 Base Depth: 64.4% Distance from breakout buy...
PSTG, Strong earnings showing healthy behavior against a very problematic market.
Just for my notes, first time using options Expiration at 18 March
new ath printed last week, and has looked strong so far this week. Confident we see $40 in the coming weeks/months