Not your blue chip tech company, that's the good thing!NYSE:PSTG in the data storage industry breaking out from a fisrt base after it bottom.
NASDAQ:SPSC in the computer software industry, specifically in supply chain solutions, breaking out from a fisrt base after the bottom.
Both are 1st in their IBD Industry Rank.
PSTG made a cup that could fuel a good move, and SPSC has its next resistance +25% away.
Which one do you like better?
Datastorage
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Confirmed bull market for BLUZELLE !!Today we got a massive breakout with a new 52 week high !
On massive volume !!
Volume exceeded the MarketCap of 12.8 million.
If you are on the ride from the beginning (1 month ago) you are now up already 150% !
However we are STILL VERY EARLY in this bull and still down 93% from its ATH (against BTC and against the USD) !!
So, one the RSI cools down a little you could still get aboard at a discount price.
According to some serious research, price target for this coin is around 10 USD (that's a 150 bagger from current prices).
Not financial advice but that's what I do !
BLZ is now my second position with 6% portfolio weight (started with 2.5%) but I will not sell before a long time !
Yes, you heard it right: no profit taking !
Bluzelle TAKE OFF happening right now !After a successful backtest at the apex of the green rising triangle - 280 satoshi level - this coin is rising fast on consistent volume !!
This is eventually the last chance to get aboard on the cheap !
For some fundamentals on this project refer to previous posts.
This is just a final heads up !
After a 12 month basing pattern, price has broken out of yellow resistance
BLZ is entering now the THIN ZONE and will take off like a rocket !!
Long the retest of flipped resistance/ supportlot of factors at play here on the 1 day candles chart.
1. gold cross attempt
2. Stochs at 0 multiple days
3. Impulsive move down from impulsive move above $34
4. Goldman bullish story published
5. recently off of ex-dividend/ record date
6. 9/20 calls/ puts at 32.50 resolved
NTAP: Earnings Stock of the Day NetApp was one of the earliest companies in Cloud Technology. It had a stellar rise in price in 2018 but is now at risk of a topping formation. Data Storage is still a growth sub industry of the Cloud Industry. However, NTAP has gone beyond its fundamental values for 2019. Support levels are on the chart. Bounces should be expected around these price levels. This is an incomplete top. The stock could move sideways in a trading range rather than down. To sell short, the stock must break to the downside from here.
NTAP showing relative strength above important levelNetApp holds well above broken resistance level at $38. This is very important level as it is in play since March. We had some clues before break up as buyers managed to build series of higher lows with recent bottom at $36. Below this, idea will loose its luster.
As broad market entered into corrective phase, i like how this specifique stock showing us relative strength and wedging above important level. Sector of Data Storage devices also keeps its buying momentum ($WDC, $STX, $VMW).
Use your trade and risk management rules to keep odds on your side and control risk the same time. I am tier 1 here, add tier 2 if market will find its footing, add tier 3 on break og wedge. If it will go through $39, it will open doors to $41.