$PSTG is setting up nicely. A little bit creative setup exited that little shelf few days ago, and sitting on top of it right now and squeezed by the down sloping trend line. Accumulation is clearly evident. This could come out tomorrow of Tech holds and doesn't give away
PSTG was able to break a strong resistance with the recent earnings report. I have been bullish for a while on PSTG, and continue to be so. However, I expect a pullback to the fibonacci support before entries look good. This bull trend can easily continue, and fibs are the best way to play it imo. Make sure to check out my post on NTNX for a similar long-term...
PSTG has coming into a key level. I would expect a pull back here as traders take profits. Look for price to hold the shaded box and break out. If it breaks out right away I would prefer to take it on a retest of the breakout zone as this has pushed up quite hard and probably needs some time to consolidate.
Trending up on all indicators: 200MA 9EMA Stochastic RSI MACD Squeeze But trending up on the biggest indicator of all - The ARK indicator. They are loading up on this company. Im trying to figure out how I want to play this - I have some commons in my long term, but I like the look of some of the 02-19 and 03-19 calls. Adding dips and holding on for the run.
More volume is needed to push higher. Upside target 29. I have a long position via options.
I published the pattern here guys , Before the move happen . Success descending triangle on #stocks $PSTG . It could go long again but it needs a pull back after this strong move .
Has been consolidating in a narrow range for several months. The larger picture is showing a classic cup and handle/falling wedge. Next target $30.
It breaks out of the upper trend-line however, these patterns are popular and nasty when it fails so please be careful and play with small size until you master it , every pattern needs years to master YES years i mean it . Once you stay around for couple of years you will understand what i said .
This looks to have some upward momentum for this week. Closed above 10 EMA and volume up
Wedge and reversal zone bounce. Good time to go long.
Friends, I come to you with a RED ALERT - Company with disruptor tech only understood by software engineers (Kubernetes) - Similar to $PLTR ranged for a month+ in a bull flag - Currently on 5th try at breaking the resistance of wedge (PLTR broke out on 5th try) - Tech season, many other accumulated tech companies breaking out with political unrest settled *** ...
Bull flag formed for PSTG, MACD goes up, waiting for more confirmation and a bit more volume. I expect it to go up at the end of this month. p.s. it is just an idea and it may be wrong. Make your own investigation before investing, choose your position size wisely and don't forget about stoploss :)
This has been consolidating at these levels around the "handle" portion of a massive cup. Recent M&A rumors have been circulating and we've observed unusual call buying activity. The fibonacci extension is indicating that a probably next leg up target is around the $28. We remain highly bullish.