Trendline right above. Lots of support below, this can be a big mover if market holds up.
Newsletter shill I got. Tapping the weekly demand block multiple times, refusing to go down. Breaking downtrend line.
Veev is a cloud computing company for biotechs that is on a tear. after jumping up massively in past year, Veev has consolidated and fallen slightly. Please see RSI and MACD trends and relate them to previous trends in boxes. Veev looks to be going higher in the coming months. I'm in at $150 and will keep updated
Veeva to get back to it's all time high by the end of the year, per my model. I could see another 10% on top of that in a rotation into the sector. It seems a base has been put in, so my stop is right below it. Thanks for your like and more importantly, for you FOLLOW! Please DM or comment below with questions. Let’s make money together!
VEEV has now been making lower highs and lower lows, as its repeatedly tested the $130-$140 mark. The support line has been tested now 7 times and looking to breakdown to the next level at $134. I entered in at $140 for a potential 4% short.
Buy above 157.25 only target 162.25 target 165.25 sl 155.25
Software showing real strength, look at the 140 support on $VEEV
Earnings are expected on the 11/26. Last Q they beat and guided higher with 27% sales growth. The market is clearly worried that SaaS stocks are too expensive and running out of growth opportunities. I always wait for earning to be reported so I miss lots of good buys but occasionally miss a bad pullback. I do own the stock.
Third-quarter subscription service revenues summed $226.8 million, up 27.2% year over year. Per management, the solid momentum in bookings was maintained in the quarter. Professional Service revenues rose almost 16.4% to $54.2 million from the figure registered in the year-ago quarter. Per management, outperformance by Veeva Commercial Cloud and Veeva Vault drove...
VEEV & SHOP working to resume up trends. They just need to hold their 50 SMAs. I will wait until VEEV reports next week to see if this trend reversal is real or not.
If you understand the idea, push a thumb up!
and .618 fib from the post earnings low