PSTG Pure Storage Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PSTG Pure Storage prior to the earnings report this week,
I would consider purchasing the 36usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $2.25.
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.
PSTG
$PSTG - PSTG30 - RED ALERT - 1/23/2021Friends, I come to you with a RED ALERT
- Company with disruptor tech only understood by software engineers (Kubernetes)
- Similar to $PLTR ranged for a month+ in a bull flag
- Currently on 5th try at breaking the resistance of wedge (PLTR broke out on 5th try)
- Tech season, many other accumulated tech companies breaking out with political unrest settled
*** 85% Institutional Ownership ***
*** 58 Hedge Funds currently holding ***
*** ARK, aka Cathie Wood is the 7th largest shareholder, owning 37,502,384 shares, valued at $861.80m. This amounts to 10.7% ownership of the company!!! ***
*** Chamath's Social Capital is behind this as well. In fact EVERY investment bank and fund is in this. ***
This will EXPLODE! This is a RED ALERT
PSTG Cloud Data Long OpportunityPure Storage PSTG, Long opportunity. Not a day trade or swing. Has formed a nice base and seems ready to steadly increase. Target 20$ for earnings at the end of November. Unless big market crash or cloud bubble, should flag for a while , consolidate and then start its bull run.
Pure Storage $PSTG Bullish ascending triangleWe have a bullish ascending triangle we are breaking out of now and will be confirmed if we close above $17.77. Also have a golden cross on the 50 and 200 EMA soon to be bullish crossover on the MACD. Measured move of the breakout should take us right to $20. Good luck traders.
PURE STORAGE $PSTG$PSTG is still below the trend and very close to brekout. Yesterday's volume was above the average and broke 20SMA (red) out . Needs to get above $18.08 to be long.
12 months Consensus Price Target: $20.10
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Thx
Pure Storage - $PSTG - Earnings Beat + price drop Pure Storage ($PSTG) - ER beat on 5/21 somehow led to a price drop on this flash storage stock. I was originally alerted by seeing $NTAP 's chart / dip. $NTAP is a competitor and is suffering the same dip. I'll be monitoring these two looking for a reversal.