There's a saying that "gaps act as magnets" and that saying has always stuck with me. It's one reason why I always look for gaps on the chart to watch.
Bandwidth, ticker symbol BAND, is a company that provides cloud-based communications services for enterprises. I have written about them a few times and you have probably seen my charts, some GREAT and some bad....
Bandwidth (BAND) is my favorite AI play right now.
The chart looks really bad! I get it. Today, it trades for below even its IPO price.
But the reason why I think it's an AI play ready to double, possibly triple, is a fundamental reason that I'll explain in this post.
First of all, let me state something very interesting about Bandwidth - today it's one of the...
BAND has risen sharply today but has reached a hidden resistance now. Thus I am expecting a correction downwards before it perhaps may rise again. Mind that we are within a bearish trend and we have not fallen through the previous low to trigger stoplosses.
This chart shows RingCentral, Bandwidth, and Twilio. I have actually wrote about Twilio a few times because its sell-off has been especially pronounced.
In some respects, Twilio is one of the poster childs of the recent bear market mania among high flying tech names.
Nonetheless, not that I am a knife catcher all that much, but more-so the extent of this crash...
BAND has produced better than expected earnings since its inception and it currently sitting on support from Dec. 2018. It has a gap to fill at $47, so you're looking at a 50%+ move over the next few weeks to fill said gap. RSI is extremely low as well, so expect this to be a big winner if you go long. The lowest I see it going is mid $27, but calls are for mid...
Bandwidth is a Communications Platform as a Service company. They sell software application programming interfaces for voice and messaging, using their own IP voice network
link to VCHART indicator based on my previous indicator (The Rush) will be published in 12 days God willing due to tradingview restrictions
If history plays any part in this chart its going to test resistance. Saving last batch of money for that drop. This one is undervalued as it is. Long here
What to say about this stock. A competitor to TWLO it was touted. Well, the chart to put it mildly is totally destroyed.
I would write a thorough thesis and DD on the value this stock offers relative to the competition but sadly it seems the markets have other ideas.
Crashing through multiple supports not to mention the bear flag formation which I ignored to my...
