Weak markets are the best time to pay attention to what's actually holding. When stocks hold in weak markets it usually means institutions are supporting price - they're accumulating the stock vs dumping others.
The simplest way to identify this behavior is to compare the divergence in new lows against a benchmark that's relevant for the stock. In this case, I...
My first trade of the year, picked up some shares a few weeks back. Looking for fibonacci targets. As a industry insider, I experience the force behind this stock on a daily basis. Gitlab is entering key technical maturity. Pay attention…
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $59.10 / $57.16
Target Price: $62.40 / $60.75
Stop Loss: $53.53
Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $58.08 / $55.23
Target Price: $61.45 / $58.15
Stop Loss: $52.30
This chart shows an up-trend with good volume, breaking the down-trend.
The strong support level at 20MA and 50MA.
Fundamentally, GTLB revenue grew by 64.5% over the past year. BUY!
$GTLB shows a Morning Star candlestick pattern after a long downtrend. This occurred after an apparent breakout of the current leg of the downtrend.
RSI is highest it's been since Nov 2021. MACD is curling. Volume is relatively higher than average, but I'd prefer to see it much higher to boost confidence.
Price has surpassed one level of resistance, but want...
Fundamentals:
- has massive competitors such as Microsoft (MSFT), Amazon (AMZN), Oracle (ORCL), International Business Machines (IBM), and Atlassian Corp (TEAM)such as Microsoft (MSFT), Amazon (AMZN), Oracle (ORCL), International Business Machines (IBM), and Atlassian Corp (TEAM)
- competitors are all profitable; Gitlab is not.
- Gitlab's NOPAT Margin is -141%...
IPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $94,37;
stop-loss — $90,98;
take-profit — $104,54/MOC price.
Do not view this idea as a...
