$DDOG can rise in the next daysContextual immersion trading strategy idea.
Datadog, Inc. provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally.
The share price rose after Barclays analyst Raimo Lenschow, who has an overweight rating (similar to a buy rating) on the growth stock, had increased his 12-month price target for Datadog shares from $107 to $126.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $111,79;
stop-loss — $103,52.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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