This stock gapped-down for no Reason. It beat on BOTH Earnings and Revenue. I bot and have Trailing Stop all the way up... Already in a Profit!!! Let's make Some $'s!
Green is the Buy Zone for a potential reversal imo. Waiting for the RSI to be oversold and then let the Weekly and potential Daily Bull divergences play out.
Undervalued and liked by the insiders.
The current short term outlook for DOMO doesn't appear to be great.
Taking a step back to look at the longer trend makes this chart a lot more bullish .
Two lines of curved resistance have been added to reinforce this idea.
Could plausibly roll into something like a Cup & Handle , but not enough information/confirmation to chart that.
Pivots have been added just...
The current short term outlook for DOMO doesn't appear to be great.
Taking a step back to look at the longer trend makes this chart a lot more bullish.
Two lines of curved resistance have been added to reinforce this idea.
Could plausibly roll into something like a Cup & Handle, but not enough information/confirmation to chart that.
Pivots have been added just...
With the big market drop on Friday (Dow down 3% and NADAQ almost 4%) I thought I would have a look for some stocks that might have been oversold and their drop exaggerated by the overall market falling.
What will sometimes happen is some bad news plus the overall market having bad news will end up with 1 + 1 = 3 and an overreaction as stop losses get triggered...
$DOMO in the computer enterprise software space putting in a 2 months cup with handle.
Double digit sales growth for multiple consecutive quarters but no earnings to speak of yet.
Very strong prior uptrend. worth watching next week
-After a great rally to the resistance, Domo decided to take a breather.
-Now, after bleeding quite a bit, Domo is at a very close point to its support which is standing around 78-80.
-We expect it to drop a little bit more to the support before accelerating for another rise.
-Domo remains on track to become free cash flow positive as it begins to win sizable mandates from large corporate customers.
-Accelerating digital transformation is driving demand for a business intelligence integration platform which Domo excels at.
-The current cash burn profile is not positive, but we believe this will improve in the short to medium term. We...
RSI has not dropped below 50 since breaking on May-20th. Has roared higher and is finally consolidating on lower volume. Has had a run of +55% in a short time period and has held the 23EMA very well which is indicating that stock is in demand. Sellers appear to be getting tired and the stock has moved sideways for 25D.
Could play this as a pullback but when it...
Up 80% since last earnings, they aren't growing that fast, something's gotta give. Hitting resistance here anyways.
Couple of put contracts with today's profits from flipping calls. Heck, all it has to do is give up today's gain and you'll break even.
This stock is pushing up into the 68 & 69 range but keeps being denied. This has caused it to create a Triple Top Pattern that indicates that it has basically hit its near future peak and will see lower prices in the future.
* I call Stan Weinstein’s 30MA my most definitive MA line because this is the level where breakouts take place as Stage 1 transients to Stage 2.
* As long as price point remains above the 30MA, the counter will stay in an uptrend and according to Stan Weinstein, we should continue to hold position provided it is is an uptrend. However, if the price point dips...
Over the last three days, Tickeron's A.I.dvisor has detected that DOMO's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring...
$DOMO is currently playing out a staggered 3-step Stairway to Heaven chart pattern, via a combination from 3 series of successfully Bullish Flag chart pattern breakout in a short span of 15 days trading session. The breakout rally have $DOMO attained +75.78% gain in just two weeks, closing at an all time high of $66.99.
At the current junction, it is critical for...
Over the last three days, Tickeron's A.I.dvisor has detected that DOMO's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring...
