Unfortunately I see a little bit of downside next week with some heavy selling in the 20s. This is just a small correction though, and I will be buying into downtrend to $21. We will see a parabolic run soon enough. PT: $35 by ER.
Expecting PSTG, a gartner magic quadrant leader in storage arrays to eventually breakout of its IPO base in 2021, driven by Proliferation of data (175 zeta bytes by 2025, a 27% compounded annual growth - source IDC) and hybrid cloud adoption
PSTG fib retracement for the following months following beautifully. Chart dates back 3-4 yrs.
Getting into PSTG on a dip back down to the 20 EMA I will continue to reevaluate daily to ensure that waiting on a touch of the 20 EMA is going to happen. This is on the heals of a golden cross.
Patience is playing out for longs on this one. The chart is creeping up towards the 0.768 Fib extension target of $23.48.
Pure Storage PSTG, Long opportunity. Not a day trade or swing. Has formed a nice base and seems ready to steadly increase. Target 20$ for earnings at the end of November. Unless big market crash or cloud bubble, should flag for a while , consolidate and then start its bull run.
looks like a longterm bearish trend to me but it does have potential to turn around here if it can cross over 20-21 resistance. id wait for a break over that for a swing entry, goodluck <3
PSTG target 20.4t to 21.3
Analyze using SMA of 15, 50, and 200 and pivots to look at the resistance and support levels
Possible Wave setup with a positive earnings catalyst. We're long here.
I like PSTG if this holds here. Another big holding for ARK funds, and with earnings on the 25th you should at least be able to ride it up to the top of the channel
We have a bullish ascending triangle we are breaking out of now and will be confirmed if we close above $17.77. Also have a golden cross on the 50 and 200 EMA soon to be bullish crossover on the MACD. Measured move of the breakout should take us right to $20. Good luck traders.
Hello traders, PURE STORAGE s in a compression zone, possibility of looking for the lowest one to break the zone up. Great breakout potential in the consolidation zone and to go to the top first. Please LIKE & FOLLOW, thank you!
$PSTG is still below the trend and very close to brekout. Yesterday's volume was above the average and broke 20SMA (red) out . Needs to get above $18.08 to be long. 12 months Consensus Price Target: $20.10 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Entry Price - 14.26 Take Profit1 - 14.52 +1.86% Take Profit2 - 14.67 +2.86% Take Profit3 - 14.81 +3.85% Stop Loss - 14.1 -1.09%
Buy if it gets above 18.32 with a stop at 17.78
Pure Storage rating change at Raymond James Pure Storage upgraded to Outperform from Market Perform at Raymond James. Raymond James analyst Simon Leopold upgraded Pure Storage to Outperform from Market Perform with a $22 price target. Source thefly.com Indicators bullish and signals are positive. Market sentiment has changed, rotation back into tech. Buy side...
Entry level $17.00 | Price Target $20.00 Stop loss $16.30 Average analysts price target $21.20 | Buy rating Upgrade details Goldman's Rod Hall is buying the bounce in Pure Storage (NYSE:PSTG), upgrading to Buy from Neutral. His $21 price target suggests 28% upside from last night's close. Pure Storage had a rough spring/summer, bottoming at around $13.50 in...