NTNX
NTNX Bullish Pin Forming on the Daily? Uptrend intact!NTNX tested 22 level as support, setting up for next leg up? Looks like a bullish pin forming. If it closes near open, you could set a limit buy order 5 cents higher than high of day in case it goes thru 23 level tmrw. Personally, I may do that depending on how we close but I missed today's dip so will def sell puts tmrw if we get another lower level retest...will add more straight out if we get volume with jump tmrw:)
Updated NTNX chart - broke thru 19.44 & 20.89 resis, testing 22!NTNX breakout looking good. Blew thru the 19, 20/21 level and now testing 22. If it closes > 22 today & Monday, looks like only minimal resistance til 28. Closed out July 17.5 short puts securing quick 80% premium. Will wait to see how 22 level holds & watch for retest of gap up levels <21.5 to write more puts and buy long calls on Monday. I'll probably even purchase shares outright if MACD, CCI, Force & RSI align since I'm long this company...still recommend selling puts for easy cash - averaged my holding down to zero selling puts during that insane over sell-off after lockup expiration! Wish I bought more shares outright...will sell some higher strike puts if indicators align next week:)
NTNX Breakout CONFIRMED! Sell puts, buy dips - big gap to fill!Looks like earlier indicators of NTNX breaking out were correct with multiple confirmations. Hit new post-lockup high at 22 & rejecting off, which gives good opportunity to take first entry/add or at least sell some puts for easy cash...or you can wait for a bit of a pull back (maybe to fill gap down to 20) with profit takers, etc. but it will eventually fill that gap up to 30 and many ppl who held after insider lockup expiration are holding long and shorts will need to cover so high upside.
NTNX bounces off long term uptrend line, will it close >20?NTNX recovering well from lockup expiration - a close > 20 today and looks like that uptrend line (along with 19.44 level) will act as support til it's back to 30 range. EXCELLENT opportunity to keep selling 1 strike below current price puts on this (or just keep writing the 17.5 puts)...they hardly get assigned & if they do no problem, solid long! Alternatively, if it closes above 20 you could probably easily swing from here to next resistance levels around 21 & 22 or wait for retest of 20 level to be sure:) If we close above 20, I'll be waiting for the retest & confirmation of that level to write the Aug. 20 puts...
NTNX Breakout? Resistance/support/trend lines - back to 28?Def. recommend selling puts on this one next opportunity:) Note the shakeout manipulation at max pain last Fri. expiration, traded wayyy below 17.5 all day only to break 17.51 10 min before closing even higher!
NTNX- Fallen angel formation long from $18.53 to $22.13 NTNX seems forming a fallen angel formation. It's not ready yet, however if it cross above $18.53 it will be a good buy.
* Trade Criteria *
Date First Found- May 24, 2017
Pattern/Why- Fallen angel formation
Entry Target Criteria- Break of $18.53
Exit Target Criteria- $22.13
Stop Loss Criteria- $16.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
NTNX high teens on the horizonCurrently trading at a 4 months low, Nautanix issued a weak Q3 guidance prompting the stock trade in an all time low territory. Fundamentals aside, trading over 10 times more than average volume on Friday and short float at 31%, I'd expect some sort of bounce early next week and would look for an entry around $24 or $25 if it can get up there to play on the short side. I'd expect NTNX to trade at high teens in next few weeks if it continues to trend downwards.
More details here : blog.buysellshortcover.com
