SNOW over 293.19Elliott Wave analysis here indicates this will put in the third and most powerful impulsive wave soon with a first conservative target above. Count is invalidated below 279.10. Note that the projection here is the price level and the time this price is reached is not an exact part of the projection here.
Cloud
DDOG to 120?DDOG - Currently in a a flat correction and looking for a breakout of the triangle to retest ath. With earnings approaching (mid February) we could see a nice run up to retest ATH. This company has shown strong growth and has generated great returns since its IPO in 2019, nearly quadrupling it's IPO price in 2020. DDOG reported a 61% increase in revenue for Q3 and an outlook of a 62% increase in the year of 2020. Trading Plan annotated in the chart.
Options Ideas
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110 C 1/29 (High risk: High reward) day trade option
120C C 2/12 (Medium Risk: High Reward) High OI
AYX - Triangle patternAlteryx, Inc. provides self-service data analytics software platform. Recorded bad earnings last quarter and has wild 15-20% swings. Short interest is 8.7 %. I like this triangle pattern to breakout, as in my last post MSFT will post good earnings and benefit tech stocks next week.
GDRX - Bullish pennant forming on dailyGoodrx is in the cloud software healthcare sector. Nice looking bullish pennant (lower highs , higher lows) on daily with over 28% short interest. Finviz has a $48 price target. Microsoft has earnings next week, so they should push all SaaS/Cloud stocks next week. Good luck!
Head in the cloudsCloudera has been consolidating near range highs and could be a breakout candidate. If the stock can hold above the 12.39 area over the coming weeks, the next move might be 16.
APXT (AvePoint) - LongAvePoint is "the largest data management solutions provider for the Microsoft cloud."
Reached the bottom line of the uptrend channel.
Might test again all-time high @17$
Stop @14$
DT Long-term SetupDT should see a healthy pullback to the trendline, above the company which is consistently growing and recently became profitable should see exponential growth. The company recently announced new product updates and there is an entry into the cybersecurity field, a back of strong new customer additions, and solid ~36% ARR growth - making it a great long-term hold.
There is a gap to fill from the 45s to mid 46s, and there could be some struggling there. However, most technicals are pointing upwards and the stock looks like it's in great shape to move up. Short term PT is 45, 46. LT is 50, 56.1.
How To Turn $2k into $20kWe have a fantastic opportunity to end 2020 with a bang, and I am going to explain how you can turn $2k into $20k the final week of December. First I want to wish everyone a Merry Christmas and this post is my Christmas gift to you. We will either loose $2k together or make an $18k profit together. There is risk but in my opinion the reward is so significantly greater and likely. I am going through with it, and in the end it's your call. No pun intended.
CSCO recently received a buy signal on the Bollinger Bands, and has growing bullish divergence on the MACD, and D+.
With such strong divergence and CSCO being so close to breaking resistance, I believe we will see a break out and see the stock hit new highs.
My strategy is to buy 100 contracts ( calls ) for CSCO to hit $45 a share by 12/31
The contracts are currently trading for 0.19 a contract and I can see the contract value hitting a high of $2.00 a contract
I want to give all the credit to @avakstocks for finding this breakout opportunity after learning to use my technical analysis strategy.
This is a big opportunity and I ask that if you decide to make this power play and win big, to donate a small fraction like $50 worth of coins to @avakstocks to help fund his pro membership.
Comment your thoughts below, follow to see what happens, and make sure to like if you think this will happen!
CLDR over 14.20This is probably best as a long-term swing play, but due to the cost a leap or bundle of shares is accessible. Here on the monthly you can see it would be a break of the downtrend, monthly resistance, and .5 fib. Holding over this level could see big continuation.
Cloud computing looking goodI really like this ETF NASDAQ:CLOU and now is looking good. Is one of the leading tech industries due the higher demand for online solutions for everything, and I believe that is just getting started. It broke out of a symmetrical triangle with good buying volume and now is testing the 20 day MA with low selling volume, for me that's a good buy signal. All thought the best time to buy is at the close so I'll wait until then to buy.
CRM likely test 215 to gap close, buyable on technical reversalCRM has gained 48% this yr or 50 bil market cap into a total of 200 bil. The gain is a small potato compared to the new market darling such as SNOW, DASH, AI and ZM, PTON, ETSY, CHWY. It has the disadvantage of a large flow and low short interest so it's not a cult stock.
So it acted like all mega-caps like AMZN AAPL FB NFLX with large flow and small short interest, it's choppy aimlessly.
It's a stock to consider at money IC or 2 ATR and plus an upside butterfly as it is close at ST support. One is to generate income and the other is to anticipate a bounce but not a huge one, $20 to 30 upside. The range is 220 to 250 where there would be major resistance.
CLDR over 12.00Growing account pick. After a great earnings response it has sold off pretty violently, but has likely found support at a long term trend line and .5 fib. Over 12.00 should see continuation.