US Stock In Play: $NEWR$NEWR very constructive coiling pattern, and obeying between ATH VWAP resistance and pre-ER trough VWAP.
wouldn't take a trade now as ER Post-M later where price action are binary event, a gamble.
if first bar trades to the upside of triangle tml, it is trend resumption BO. WL
NEWR
$NEWR on BUY point?!After announcing the earnings below wall street estimates the share price of $NEWR dropped by around 16%.
Technical Analysis:
$67.0 acted as Support. But we should wait couple of day in order to see the share price Holds 67.
But here we might risk around 3-4% and get 15-20% profit.
Fundamental Analysis:
New Relic (NEWR) reported a 3rd Quarter December 2020 loss of $0.17 per share on revenue of $166.3 million. The consensus estimate was a loss of $0.14 per share on revenue of $164.8 million.
Overall analysis:
If price Holds $67.0 then we can get in by putting our SL @$64.8 with 4.5% risk as $NEWR beat on revenue.
Company Prifile:
New Relic Inc is a software-as-a-service provider of software analytics products which allow users to monitor software performance with .NET, Java, JavaScript, Node.js, PHP, Python, and Ruby applications deployed in a cloud or in a data center.
Ichimoku entry NEWRThis one actually bit us last time we tried it, but I believe in the winrate so I'm down to try again. I like the way we moved through the cloud. This ticker has been in a channel since the beginning of august and we're testing the top so there's big upside if it does break out.
set $0.56 trailing stop when price breaks $66.65, stoploss at $61.47
NEWR- Momentum short setup from $73.70 to $63.57NEWR seems breaking down forming a inverse fallen angel formation. It has very big insider selling. CEO and CFO ETC. Sold Big %'s over time.
We think it has very strong downside potentioal.
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Inverse fallen angel pattern
Entry Criteria- Current price ($73.70) (hit April 4, 2018)
Exit Criteria- $63.57
Stop Loss Criteria- $79.57
Indicator Notes- Twiggs money flow declined down below Zero level.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
