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.
Purestorage
comparison between PSTG (pure storage) and NIO (nio).on the right we have nio, trying today to break over the MA 50 dynamic resistance, and on the left we have pure storage, trying to bounce off the MA 200.
as you can see, both of them bounced off the MA 200, but while nio did jump high today, pure storage didn't yet.
because of that, I believe we will see a jump within 2 weeks in pure storage too, not a big %, but yet not a trash can.
anyway, rejecting the MA 200 4 times is an amazing thing, and if the price can start to climb again, we may see it reaching a new high in both nio and pstg.
lastly, I would suggest you to check nio and compare it to pstg whenever it is possible, as long as the correlation between the 2 remains.
logarithmic chart
basic chart
$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
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