Datadog is trying to put end to what has been a vicious Stage 4 downtrend.
The stock fell 68% in last year’s bear market but is now rising quickly off the lows.
DDOG has reclaimed its 200-day moving average (white line on chart) for the first time in over a year after reporting better-than-expected earnings numbers last week.
The stock has stalled just under...
- DDOG as broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- DDOG has broken a resistance level and given a positive signal for the long-term trading range.
- DDOG has marginally broken up through resistance at 87.00.
- Positive volume balance, with high volume on days of rising prices and low volume...
It could see some more pullback, but still a great place to take position here. Looking for 20% upside for 2- 3 months hold period. The market is very skittish and next week's tech earnings report could reveal if traders are prepared to bid up.
DDOG is exhibiting a steady decline of -50% price cut every 180d (6m) since early 2022, the beginning of bear market.
If the trend character resumes and fundamentals remain challenged, we shall see DDOG hit pre-covid high before the 3rd 180d window ends.
DDOG can do the PTON move. ZM, FVRR, SPLK, BIG, PTON have all been stocks doing this pattern. Its like a H and S with a solid long term support line. Makes a shoulder, head, then small shoulder and breaks down.
Price was in a crooked W pattern which is probably an Alternative Bat that terminated just above the 1.113. Valley 1 is higher than valley 1.
Price is above the .618 and below the 50% mark of the trend up.
No recommendation.
Ugly red candle today.
Short interest is around 5.5%
Saw a lot of action on $DDOG 2 Day OTM $97 Calls today. BIG Money sweeps. They aint look like hedges. Competitors had good quarters so expect their numbers to be GREAT - Also technicals are SCREAMING pump. Mediocre numbers and Calls print.
The CCI positive divergence, increase in volume, and downtrend break up are all bullish indicators for the underlying asset. Additionally, the stock s able to close above a key resistance level, it could signal further upside potential. As an investor, it's important to weigh the potential upside against the risk and consider diversifying your portfolio. As...
Demand Zone Confirmation + retest
Earning 11/3/2022 reported 0.23
Entry 74
Stop 66
Target 85, 105
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
![DDOG: DDOG - Rising Trend Channel [MID TERM]](https://s3.tradingview.com/i/io6TERkH_mid.png "DDOG - Rising Trend Channel [MID TERM]")
