Watching this beast for a pop above 87$ as that’s our down trending resistance of this falling wedge. Target could reach us to 101 to our old high of 108 lower support at 75)
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
After ALRM gapped up on earning it was quickly sold off
It continued to do so for 11 days in a row as it came into its major support area ($75)
As It came in and held that major support area of $75
We started a position above the high of day
Buying above $78 vs $75 ($3 risk per share)
As it ran back to $84 and pull back to $80
We are seeing another low...
Hello fellow traders and investors, here's another trade idea.
ALRM has recently pulled back to the bottom of the ascending channel, if ALRM makes a recovery to the previous high it offers a 23% ROI.
Technicals:
The Macd indicates that it's oversold and now in an uptrend
When To Buy:
Now
When To Sell:
I recommend selling at it's previous high
Fundamentals:...
Long on ALRM,
Bought at 88.79, stop at $85.
Target is 95. It looks like a solid trade from the bottom of the wedge up.
It appears to be consolidating as a bull flag. it may fail as the market is correcting.
We will see.
Fundaments: EPS this past year: Up 147%, EPS Q/Q: Up 100.7%, Sales Q/Q: Up 24.2%, Gross margin: Up 62.8% Forward P/E Down to 60.03 (still high but lower).
"Technicals": Buy the dip. Price: 16.13% above SMA 50, Price: 53.68 above SMA 200.
When to buy: Early buy (might be risky): Wait for price to close above the SMA 3. Confirmation to buy: SMA 3 crosses above SMA...
In the early Dec 2020, FireEye, a top cyber security firm, said it was hack. About a week later, Solarwinds NYSE:SWI , an IT firm that provides software for companies like the Fortune 500 and the US government was also reported being hacked. The series of the hacking events stir up huge interest back to the cyber security stocks.
Is the rally for cyber security...
Gap under price and gaps can fill
This one can be volatile and is not quite to long entry
Also a C&H noted on monthly and weekly
NV and OBV are high
Short interest is always a bit high on this one. Possible due to volatility
Possible stop under handle low (HL) or mid cup which is 63.51
Just an observation
I wish I was psychic (or a member of congress) but...
ALRM seems to have stopped its downward trend. It has recovered the EMA 8 and is heading back to EMA 20 territory. I sold a Sep 18 2020 55.0 Put @ 1.3 with the idea that the uptrend will continue over the next few days or weeks.
20-ALRM-01
Opening Date: August 20, 2020
Expiration Date: September 18, 2020
DTE: 29
IV: 44%
IV Percentile: 37%
Odds of...
PROs:
Currently trading at 14% below its fair value
Revenue is expected to grow 9% per year
Earnings grew by 150% over the past year
ALRM is good value based on its PE Ratio
ALRM’s revenue is forecast to grow faster than the US market per year
ALRM’s net profit margins (11%) are higher than last year (5%)
ALRM’s earnings have grown by 50% per year over the past...
Short term berish out of a bottom double. Looks like it is a acceding berish out of a bottom double. looks like the ceiling is respected capping at $47.50
A potential short idea. ALRM
I would start looking at this as a short or fully valued (ie sell a long position) in the 46.65 to 47.25 area.
This may not happen as we just filled a gab going back to early march.
Naturally you should have a similar view on the overall market, especially the tech sector to favour this view.
Lets see how this turns out.
This...
Within two weeks we expect short opportunity after false breakdown - $46.5 / 47. Our target will be $38 during Febuary and first half of March (+18% potentially).
After $38 we assume the trend will change to long up to $50 price target (+30% potantially).
Reports EPS of $.43 versus consensus of $.33
Upside targets $52.75 & $57.72
UPGRADES
Maxim Group reiterated a Buy rating on Alarm (ALRM), with a price target of $79.00. The company’s shares closed last Monday at $48.03.
Imperial Capital analyst Jeff Kessler upgraded Alarm.com to Outperform from In-Line with a price target of $57, up from $51. The company's...
