HUBS updateI posted the idea yesterday on turkey 101, here is the precise expectations:
- drop to ~353 by mid next week, small bounce then continuation to the 332-340 range to complete wave 4 before August concludes
- wave 5 will be around 438-456 and realized in December
Cool company, among the most volatile names, went from 90 in Mar 2020 because of covid to 860s in 1.5 years - got discounted appropriately (perhaps over-discounted) and now investors have seen what it can do - earnings supported that and reaction was over exuberant, now need to retrace and will get bot up in the 330-350 range in coming weeks. meantime short it
HUBS trade ideas
Parabolic ArcWeekly chart.
The average fall is between the.618 (62%) and the .786 (79%)
Arcs often take a breather at the 50% level.
Some fall less and some fall more than these levels.
Volatile on the fall back to earth.
Often the fall is activated when price crosses below the trendline.
No recommendation.
PE 295.63.
Be Safe//ARCParabolic arc. Monthly chart.
Earnings estimated 2-2-22.
Arcs appear as a very steep rise and the upward momentum is impossible to sustain indefinitely. Sometimes an ARC is easier to see on a weekly or monthly chart and curves a bit like an inverted C.
First target is often the 50% mark. The average fall is between 62 to 79% or the .618 to .786 fib levels, but can fall less or more than this. Usually there will be upswings on the way down.
An ARC is volatile on the way down because sentiment can be bullish for quite some time. Panic selling often ensues when people realize what is happening after looking down to the earth and realizing a stock can not go to heaven.
No recommendation
Trade Setup: HubSpot Inc - Pattern PlayThis is a 'higher risk' trade and isn't what you may normally see me propose. Nonetheless, we have a consolidation range that has developed to form a flag pattern. This follows the 'earnings gap' (on volume) on 05-August. The aforementioned consolidation has been on declining volume, suggesting minimal selling into these highs.
Long above $669
Stop: $648
Target: $722
Last Close: $663.66
CupNo super great handle but I drew the green line where I see support. You may see it elsewhere. but it does look like HUBS has been on a run. Price is outside the top bollinger band set on 80 which indicates extreme buying pressure. Possible pull back.
The moving averages are all lined up in order and are sloping up.
No recommendation
There is something in the air (o:
HUBSPOT StructureHey traders, HUBSPOT is in a fake bullish move with strong past sell volume and an upside down doji. The TIMEFRAME M1 shows us a marubozu with a fake return of traded sales volume, it leaves towards its lowest filled a bullish breakout gap. With the base of the bolllinger in consideration making its reversal on the top of the bullish channel will be checked without following the bollinger.
And to finish at the top of the comfort zone, there is a strong possibility of breaking out the price with the return of momentum at the same time in the zone. To join the one before and make a new high big chance of direct breakout the top of the bullish channel. Then the comfort zone to fit into yet another with testing from the top of it for a key figure of 490.00 for 498.00.
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Long $HUBSI am seeing a great bullish set up for $HUBS, several reasons, but mainly... stock has consolidated after super powerful mode and had consolidated for more than 2 months. Our algo spotted today there's was a pocket pivot along with TTM_Squeeze. Be aware, earnings are two weeks out, so maybe options trade would be a good option taking advantage of volatility increase prior earnings. 450 or 500 strike price would be a good one, the one thing I do not like is open interest is very low.