NASDAQ:PEGA
Pegasystems Inc. is a leading provider of Customer Relationship Management software that enables transaction-intensive organizations to manage a broad array of customer interactions. Their software enables organizations to deliver high-quality, consistent customer service across today's preferred interaction channels, from the traditional call center...
Pega seemed to have reached its bottom for the past 5 years. I do believe that if PEGA closes today above $43-$43.15 on the daily timeframe, it will head to $47-50 this week.
Like clockwork, on the day of its selling climax, Pegasystems (PEGA) retraced all the way down to the Fibonacci Bollinger Band (FBB) plotline and then found major support exactly at this level.
Pegasystems Inc. develops, markets, licenses, hosts, and supports enterprise software applications in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer...
UiPath recently filed S1 with intention to list on NYSE. Increased interest in the sector / potential additional valuation references could drive demand/price.
Already made some moolah with call options on PEGA .
Watching for it to finish its "W". It is at resistance, so it's only on the watch list to see how the signals pan out.
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
It made multiple tops since two months ago and currently it is at its bullish channel's support area. We could wait and see and if the stock price could exceeds its tops at $76 area with high volume, probably the stock would reach $86 area within one trading month.
Constructive sideways price action, close above TL. The low of the buyable gap-up (BGU) on 15/05/2017 was well supported on 10/08/2017 and 11/08/2017. ±8% away from all time highs.
It looks like everything is going well for PEGA. Assuming that it is the new name in the RPA industry, what do you guys think about it as a Fundamentally Solid and a Technically Good (LT) idea. Shorter Term it seems like it is overbought (sure), but on a dip, is this worth, and are you following it, or see that it is worth following? Thanks for any opinions.
