Long
Tableau finding new support at $92 as of 5/14 close
My stops hit today on down swing, looking for re-entry. Have been raking in money on this guy hand over fist.
Stoch RSI dipping into "buy" territory --> seems to be a reliable indicator of a reversal
RSI will likely test the 55ish line to decide whether to keep on upper BB walk
Doesn't look to me based on volume like we need to fill the gap from earnings further, all the downward moves are on low volume compared to up
1-3-5 min charts are below MA and on lower BB walk that seems to have ended at close today, also supported by volume: short term up
Looks to be resuming upper BB walk on slope on 4H+ charts that began 1/09/18
30M chart at close has a doji, pointing toward at least small bounce on 92$
If this is an impulse wave, we are in prime position to begin upward wave 3 to >$95.71 over a longer timeframe: e.g. 3 days compared to 2 days of last 2 patterns
The play:
I am long on Tableau until someone else successfully copies what they're doing - I use the software, and it is a truly revolutionary product
There's enough confidence in the channel...for now...to play it up and down as it goes, or just hold and profit
Buy now at $92 OR wait and see if it tests $90.26 again - set stops and limit buys accordingly
Traders shoot for $95.71 by Friday for 3.94% returns
If you really believe me, the 5/18 $95 strike calls are .25 - I'm gonna grab me one or two
What makes me think I'm wrong:
The MACD looks bearish with as much momentum as it's ever had: a lot of work to do to raise the MAs and fill the earnings gap up from a technical standpoint
Precision: the entry point could just as easily be like $91 as $92 (and the calls get cheaper down there too), but it has to bounce above the 90.26 for the theory to hold
Pitchfork on the RSI with another trendline added at the same slope has a little room to go down (to like $91) before it bounces to stay in the channel
Stoch RSI dipping into "buy" territory --> seems to be a reliable indicator of a reversal
RSI will likely test the 55ish line to decide whether to keep on upper BB walk
Doesn't look to me based on volume like we need to fill the gap from earnings further, all the downward moves are on low volume compared to up
1-3-5 min charts are below MA and on lower BB walk that seems to have ended at close today, also supported by volume: short term up
Looks to be resuming upper BB walk on slope on 4H+ charts that began 1/09/18
30M chart at close has a doji, pointing toward at least small bounce on 92$
If this is an impulse wave, we are in prime position to begin upward wave 3 to >$95.71 over a longer timeframe: e.g. 3 days compared to 2 days of last 2 patterns
The play:
I am long on Tableau until someone else successfully copies what they're doing - I use the software, and it is a truly revolutionary product
There's enough confidence in the channel...for now...to play it up and down as it goes, or just hold and profit
Buy now at $92 OR wait and see if it tests $90.26 again - set stops and limit buys accordingly
Traders shoot for $95.71 by Friday for 3.94% returns
If you really believe me, the 5/18 $95 strike calls are .25 - I'm gonna grab me one or two
What makes me think I'm wrong:
The MACD looks bearish with as much momentum as it's ever had: a lot of work to do to raise the MAs and fill the earnings gap up from a technical standpoint
Precision: the entry point could just as easily be like $91 as $92 (and the calls get cheaper down there too), but it has to bounce above the 90.26 for the theory to hold
Pitchfork on the RSI with another trendline added at the same slope has a little room to go down (to like $91) before it bounces to stay in the channel
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