- Large areas of supply at current price from prior trough may compress price following tonight’s earnings. - 200 SMA enveloping price from above. - Fundamentally priced to perfection and will need to revise up to prevent price decline - Targeting a move to $63 post earnings
The Descartes Systems Group, Inc. engages in the provision of logistics technology solutions. It provides cloud-based solutions including modular and software-as-a-service to route, schedule, track, and measure delivery resources; plan, allocate and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; file customs...
Buy at weekly 50EMA and/or weekly 200EMA
its my favourite pattern especially in a base on a stock that has a comp 95+ the last squeeze has offered a 6% risk for an entry, which is a sweetspot. Main concern is that the market is a bit extended and could trigger and retreat right away...
$DSGX is a shorter base with less than 2 months in length but showing good VCP characteristics and showing Earning, Sales and Margin acceleration in recent quarters. That pivot looks good.
It tried to break through resistance 6 times over the last few months. It did break though in August but it didn't on the MFI. This time and for the first time since July, we can see a breakout on the MFI, suggesting the price might break resistance too. I'll wait for a close above resistance before to buy.
This is based on my dowsing and I'm journaling these for practice. I don't know this stock and haven't looked at the chart prior to performing my dowsing reading. I expect a move down with new lows and get a move down of 13%. We'll see!
Descartes Global Systems Group is facing a slowing growth trajectory that may play out for the next few weeks.
The Descartes Systems Group, Inc. engages in the provision of logistics technology solutions. It provides cloud-based solutions including modular and software-as-a-service to route, schedule, track, and measure delivery resources; plan, allocate and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; file customs...
This is a company to watch. Very good fundamental story.
This is my first stock trade idea. I will try to post at least one stock idea per week and at least one FX idea per week. I will briefly share my philosophy on stocks. We want to follow the what the general market is doing. I look to the S&P 500 as my general guide. Right now are in an uptrend, so we want all our stock trades to the long side. Next, we want to...
DSGX forming Triple Top pattern on Weekly chart. May go as low as 18.55