This is a short-term trade. On the technical side, we've got the following things that make a bullish move more likely:
According to seasonality, in the last 15 years, only in one year went the price down within the timespan from the 7th of May until the 23rd of June. So, it's a bullish time for this stock according to seasonality.
The prior inverse H/S...
good company that could be nearing a top in the short and long term. my weakness is getting squeezed on sub iv of 3s. Will this company get re-valued in amongst the others in tech?
Dexcom makes glucose monitoring systems for patients with diabetes. I don't see Americans getting healthier any time soon, so demand for the company's products should remain high for the foreseeable future.
The stock is just breaking out of a high tight flag pattern. Technically, a high tight flag requires a move up of 100% or more, so DXCM comes up a little...
I last spoke about DXCM when it just broke the $423.40 range and said it would take weeks to reach and challenge the all time highs.
Fast forward 3 weeks and here we are.
Trade idea:
* Look for buying opportunities in the $423.40 to $430 area
OR
* Wait for another weekly close above $456.23
ER coming up seems to be at top edge of megaphone..
can breakout big here or come back down inside the megaphone
ER can be a toss up..
overall bullish as it printed a new ATH right before the ER
DXCM has been in consolidation over the past year and within that it's been forming a smaller range since Feb of 2021.
The smaller range has broken out with a lot of buying pressure and is now testing the broken resistance as support.
Three things make this breakout significant.
1. It broke out with a lot of volume
2. It's retesting the broken resistance of...
The larger pattern appears to be ABC bullish .
If c is c, there could also be a smaller pattern inside the ABC pattern, a shark . The shark is labeled differently than the other harmonic patterns and begins with an O verse an X. C should land at the 1.13 fib level of OX. Like the Cypher , the 2nd peak is higher than the first peak. So you can really narrow down...
DXCM based on Elliott wave count is currently in wave 4 consolidation.
It is predicted the stock will move within the sideway range of USD298 and USD456.
For Options trader, Iron Condor strategy perhaps is one good strategy to consider for the trading opportunity.
Happy trading!
I will try my chances at current price which is weekly 50EMA
If doesnt hold will take another shot at weekly 200EMA
No stop loss for this stock. I prefer to average my entry.
Tanked on earnings again. Dxcm is Currently down 20$ in aftermarket and if it drops below 385$ it will be below 200ma ( gold line). I circled in purple the last time they tanked earnings and dropped below the 200ma. If they fall below 385 target then channel bottom (362) will be the the next target.
