GitLab Inc. has delivered a robust financial performance for Q2 , posting earnings of 12.3 million USD or 0.08 USD per share, a significant improvement from a loss of 51.2 million USD or 0.33 USD per share a year earlier. On an adjusted basis, earnings per share reached 0.15 USD, surpassing the expected 0.10 USD per share. Revenue also rose impressively, reaching...
Disclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice. Wyckoff was marked on the monthly timeframe. For me, GTLB is doing wyckoff accumulation and I've marked the zone I'm waiting for...
GitLab's ( NASDAQ:GTLB ) short interest has witnessed a notable decline, signaling a shift in market sentiment. With a 14.54% drop since the last report, this decrease may suggest growing optimism among investors. Short interest acts as a barometer of market sentiment, and a decline often indicates a bullish outlook. Navigating Stock Price Dynamics: On March 8,...
GTLB did a deep dive shaving 20% off its market cap after the earnings report. I see this big dip as a buying opportunity for a software company stock at a significant discount more or less ignoring the adverse forward guidance as fluff or purposeful misleading of investors and traders to create a bit of a bear trap from which to launch a squeeze to propel...
Analyzing the options chain of GTLB GitLab prior to the earnings report this week, I would consider purchasing the 30usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $5.35. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
SPX: stock prices are a picture, but life is a movie daily stock prices dont tell the whole story. They only reflect the buying and selling of yesterday. The businesses behind the stock are dynamic and change over time. Like Warren Buffett and Benjamin Graham always preach, you can wake up one day and Mr Market will bring you a different and possibly wild price...
GitLab, Get Ready. resistance is tested, the more likely it is to fail as supply gets chewed through.
Weak markets are the best time to pay attention to what's actually holding. When stocks hold in weak markets it usually means institutions are supporting price - they're accumulating the stock vs dumping others. The simplest way to identify this behavior is to compare the divergence in new lows against a benchmark that's relevant for the stock. In this case, I...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
$GTLB shows a Morning Star candlestick pattern after a long downtrend. This occurred after an apparent breakout of the current leg of the downtrend. RSI is highest it's been since Nov 2021. MACD is curling. Volume is relatively higher than average, but I'd prefer to see it much higher to boost confidence. Price has surpassed one level of resistance, but want...