It's just the beginning of the 3rd wave of Elliottcrab harmonic pattern:
AB=0.61 XA
BC~0.88 AB
tp1=1.6 BC=$21.7
tp2=2.6 BC=$55
tp3=1.6 XA=$61
tp3=3.6 BC=$142
Cloudera
CLDR Cloudera Very good opportunity to buy CLDR because:
1. Hitting the support
2. On a weekly time frame we can see a doji candle ( sign of changing the trend)
3. Hitting the bottom of the bull channel (in the uptrend always be on the buyers side never go short)
4. On the Daily chart we can see the MACD curving up with the histogram.
5. The SMI is in a green side (we can find high demand in this zone)
6. The EMA`s 100/ 200 slowly are becoming new supports
On the chart you can se my potential targets indicated with a purple line.
US Stock In Play: $CLDR (Cloudera Inc)With major U.S. stock indexes (S&P, Nasdaq and Russell) unable to hold off their all time high and closing slightly lower for Wednesday session, $CLDR recovered from its intraday losses and closed with a Bullish Reversal Hammer candlestick pattern. The total cumulative gain since $CLDR was highlighted on 22nd December 2020 stood at a gain of +42.85%.
$CLDR current price volatility remaining at the range of its September 2020 high, it will be imperative to see $CLDR re-testing its immediate resistance at $18.50 before its upcoming Q4 earnings on 10th March 2021. The next minor resistance for $CLDR is at $20, which would see $CLDR doubling its price from $10 since November 2020.
US Stock In Play: $CLDR (Cloudera Inc)During the previous week where U.S. stock indexes suffered their biggest correction since late October 2020, $CLDR defied the market frailty via a structurally sound breakout of its Symmetrical Triangle chart pattern with substantial follow through of rally for the subsequent days. The total cumulative gain since $CLDR was highlighted on 22nd December 2020 stood at a gain of +29.45%.
With $CLDR current price volatility inching back to its September 2020 high, it will be imperative to see $CLDR re-testing its immediate resistance at $18.50 before its upcoming Q4 earnings on 10th March 2021. This resistance level was established in September of 2018.
Cloudera $CLDREntry. $12.32
S/L $11.70
TP $14.28
12 months Consensus Price Target: $11.85
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
CLDR (raw idea)there are almost no info/analysis/chart about CLDR (Cloudera), IPO was at the end of april
I track an hourly chart (so I have something to work on it)
Then I switched to the daily chart >
the green and red double arrow are a couple of gaps (you can see in hour chart)
the second one / the last one is still "open"
the area of gaps is almost a double testing area (support-resistence)
so I think that CLDR will fill the gap in next days
at this price is also a good enter for a very long position.
CLDR is an interesting company in its sector (the sector is interesting too!) and there are chiefs from Oracle and more... (maybe an acquisition in future?)
infos > www.reuters.com
people > www.reuters.com
