8x8 is considered one of the leaders in the VoIP space. Today it broke out of the long term falling wedge at $3.61. They recently added AI to their calling service to improve customer interactions and savings. This should be a very nice run. They beat earnings analysis last quarter by $0.053 and likely will beat it again next earnings. Rumors have been...
On the above 8x8 8-day chart price action has corrected over 90% (slightly annoyed it wasn’t just 80%). A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. 2) Strong bullish divergence with multiple oscillators. 3) Support and resistance. Price action lands on legacy support, look left. Is it...
This is not a financial advice! Waiting for pullback before entering. arround 5.5 area. SL under 4 .0 - TP 8 - 10 Most info on the chart. Trade carefully!
EGHT broke out of a year long down-channel today. Earnings report on 1/24 - several consecutive quarters or profitability. Expecting an EPS miss, as per typical, with minimal effect on the trajectory. Looking at a slow rise back to the moving resistance line - somewhere in the range of $16.70 - $17.25. Steady gains. Let's go.
8x8 Inc. EGHT forms “Bottom Triangle - Bottom Wedge” pattern Optionable Stock 4th Qrt Earnings May 19 This stock has formed a pattern called Bottom Triangle - Bottom Wedge, providing a target price for the intermediate-term in the range of 13.80 to 14.30. The faster moving average recently crossed above the slower moving average, signaling a new...
Broke out and consolidating still. Long with stop at $7.60's or use 50 EMA as tighter stop.
Had to go all the way out to the monthly to find resistance. Sick move and an awesome close on this one today. See how it acts next week. Should pullback and if it does that and bases out I would think it goes higher.
Volume is not that strong but price broke out upward after consolidation period. This bullish triangle has a measured move to $8.8 area from today's close. If you are not in already, and want to initiate a long position make your stop loss at recent swing low at $6 area with target price $8.8. Join us www.woowtrading.net
A covered call strategy would allow for some consolidation while reducing risk.