DDOG ready to move back up?DDOG:
Bullish: I’m looking for DDOG to push up over and claim $176.19. If it can do that I’m looking to follow the green levels and the orange possible resistance up to a new ath of $201. It hasn’t done too well with the short term extension(green from 4 hr) golden zone after claiming $176.19 I want to see it claim $182.27 and make its way to test $185.51. My target for now is $201 but ultimately I’d be looking to grind up to the monthly 161.8 level of $216.24.
Bearish: a rejection of $176.19 or breaking and rejecting at the golden zone again could send it to $170 below that if it really wants to go we could retest the golden zone from the weekly where it gapped out of around $160.
DDOG trade ideas
DDOG Short Opportunity | Pros and Cons + AnalysisNASDAQ:DDOG just broke out of a 2month long uptrend with confirmation. Short opportunity here with the following pros & cons
Pro
Just broke out of uptrend with confirmation
Multiple top pattern spotted at 169.99 level. Strong wall
Con
Stock has a bullish bias overall when looking at it from a larger timeframe
Key levels
SL
182.34
TP 1
161.05
TP 2
158.02
DDOG: Probably a 15% up move soonGreat earnings and produced a runaway gap. Then price continue to grind higher throughout the rest of the month.
Likely to see a 15% up move in the next month or so before pulling back.
This stock looks like it has a longer term perspective. If it does pull back to $125 area, then it's probably good to accumulate.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Update to DDOG ascending channelAfter DDOG filled out our previous chart, it continued to respect the channel until it broke out to the upside on Sept 22. It is currently retesting the upper trend line as support. If we get a bounce from here we could see a new trend angle established, and a set up for entry if we get a break above 151.00 for the continuation.
DDOG - PEG Tightening (9/7/21)Have traded this name and have been keeping a close eye since the PEG. It is currently acting exactly as I wanted it to holding the following criteria.
1) Above AVWAP
2) Declining ATR
3) Buyers stepping in at EMA
4) Along with ATR - volume drying up
We are also currently trading in somewhat of a range as indicated from the higher of the PEG and the low it put in 4 days after.
Personally I am waiting for a pullback in the market before I buy anything since I think the market is a little extended and the current environment in 2021 has been whippy I am not trusting any setup until the IWO / IWM breaks out.