Datadog: active goal in the 141$ level
Another bullish stock. Right now has an active goal in the 141$ level by Fibonacci. Also the stock is making a triangle that can be broken upwards defining the same goal as Fibonacci. Stock bullish anyway.
DDOG trade ideas
DDOG | The Dog likes Ascending TrianglesIf I have learnt anything about DDOG over the past year or so, it's that it likes Ascending Triangle set-ups and big breakouts.
I know past performance is not an indicator of future prices but consider the following:
- DDOG has reacted consistently positively to past ERs - upcoming ER should be no different, and can help us break out of the current Ascending Triangle
- RSI is improving after weakness in November 2020
- We can see an "accumulation" range of volume over the past month or so
I don't really have a specific trade set-up here since this has been a Buy and Hold position for me over the past year or so.
I won't be looking to exit the position anytime soon, even if the ~$138 PT* is hit. For the pure traders out there, DDOG has usually found resistance at 1.68 Fib extensions.
*(PT is a function of 1.68 Fib extension, which is surprisingly similar to the magnitude of the previous pop in early October)
Any thoughts?
Thanks and Good Luck!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Symmetrical TriangleCan break up or down..
The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. Price move between 2 converging trendlines that slop in opposite directions. Volume often recedes during triangle formartion.
In order to qualify as a continuation pattern, an established trend (at least a few months old) should exist. The symmetrical triangle can extend for a few weeks or many months. If the pattern is less than 3 weeks, it is usually considered a pennant. Typically, the time duration is about 3 months.
The future direction of the breakout can only be determined after the break has occurred. Sounds obvious enough, but attempting to guess the direction of the breakout can be dangerous. Even though a continuation pattern is supposed to breakout in the direction of the long-term trend, this is not always the case.
After the breakout (up or down), the apex can turn into future support or resistance. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout.
Patterns with heavy breakout volume often perform best..
Just an observation
ABC BullishPossible stop under C.
A= 79.76
B=111.49
AB Leg=34.73
Targets calculated using AB leg length.
Long entry when price breaks the BC leg with an uptrend..
C can not go below A..
Not a recommendation
DDOG Symmetrical TriangleNice symmetrical triangle on the weekly chart. If we break up out of the triangle, my targets are $108.69, $118.64, $131.28, and finally, $147.36.
If the pattern breaks down, I'd short below $90 down to the low $70's.
$DDOG Long term analysis: 200+ by EoY 2021DDOG looks to be in a 1-2-1-2-1-2 setup, getting ready to launch.
Targets are $140, $155 and $185 by mid to late summer (june to july)
Stay tunnedThe chart says it all. Long and forget.
Maybe I got lucky the first time (link: ) I guess we'll find out soon
๐ก๐ฒ๐ ๐๐ต๐ฎ๐ฟ๐: $DDOG Daily. Bouncing from Long-term TLBouncing from long-term TL with RSI turning back up. Above $100 and could see a nice run for a Wave 3
$QQQ $SPY #Trading #ElliotWave #DataDog ๐ถ
DDOG ChannelIf Datadog continues in this channel, it will retest resistance at $110, and either be rejected or go for new ATH's. The previous times it has entered the lower side of the bollinger band, it was sharply bought back. Expecting that within the next few days, if not, then I will be selling if it falls past channel support.
DDOG wave 3 comingDDOG wave 1-5 reached, followed by an ABC correction...
now with a new wave 1 and 2 formed...great time to buy in for the ride up on wave 3
not financial advice
$DDOG coming closeCan give you better entry to get in. Start with small here and add more when it comes to your price
DDOG over 103.80We've traded this recently and its bounced around in the 94-102 area but has shown strength in pushing up and out of that level. This could be traded over the psych level of 100, but looks to make a huge breakout over 103.80.
$DDOG: Inverse H&S formation-Potential target previous ATH($117)Seeing nice Inverse H&S pattern on $DDOG Price may rally back to October High($117).
Stop loss can be placed few cents below 20EMA at $96.80
A look at DataDog stock growth.Hello Traders
I've covered the potential of the strategy script I am using on stocks like Tesla and Apple and how the script presented early entry opportunities.
Working the W1 chart on those two stocks mentioned buy signals presented on both at stages in 2019 and have kicked on to some unreal gains.
But now its time to focus on some potential growth stocks. Here I talk about Datadog.
This stock year to date has grown 164% and the strategy I use presented a buy signal back in June which is when I entered this one in to my portfolio. Since then it has gone on to gain 15%. Still loads of potential growth and when working this time frame its all about long term growth.
For any more information on the strategy I utilize please drop me a message.
