DXCM---Good watchgood company that could be nearing a top in the short and long term. my weakness is getting squeezed on sub iv of 3s. Will this company get re-valued in amongst the others in tech?
DXCM trade ideas
DXCM High Tight Flag BreakoutDexcom makes glucose monitoring systems for patients with diabetes. I don't see Americans getting healthier any time soon, so demand for the company's products should remain high for the foreseeable future.
The stock is just breaking out of a high tight flag pattern. Technically, a high tight flag requires a move up of 100% or more, so DXCM comes up a little short on the initial surge. But the pullback inside the flag was very shallow - well below the 25% allowed in this setup. So for me, it balances out.
On the fundamental side, sales growth is accelerating. +23%, +25%, and +32% for the last three quarters. Earnings are also expected to jump by 40% in 2022.
The stop loss on this trade would be the just beneath the low of the flag at $487.00.
DXCM is testing all time highs!I last spoke about DXCM when it just broke the $423.40 range and said it would take weeks to reach and challenge the all time highs.
Fast forward 3 weeks and here we are.
Trade idea:
* Look for buying opportunities in the $423.40 to $430 area
OR
* Wait for another weekly close above $456.23
$DXCM er toss upER coming up seems to be at top edge of megaphone..
can breakout big here or come back down inside the megaphone
ER can be a toss up..
overall bullish as it printed a new ATH right before the ER
DXCM breaking out of 4 month consolidationDXCM has been in consolidation over the past year and within that it's been forming a smaller range since Feb of 2021.
The smaller range has broken out with a lot of buying pressure and is now testing the broken resistance as support.
Three things make this breakout significant.
1. It broke out with a lot of volume
2. It's retesting the broken resistance of $423.40 and is indicating that there's demand for this company at this level
3. It's also using the 10 EMA as support
These confluences indicate that DXCM is positioned to go higher in the coming weeks and months.
Looking at the weekly or even the monthly chart you can see that there's a clear up trend.
Next stop is the all-time-highs at $456.23!
Final Notes:
* Clear long term up trend
* Broke out of smaller range with a lot of buying pressure
* Using multiple confluences to build a solid support.
ABC BullishThe larger pattern appears to be ABC bullish .
If c is c, there could also be a smaller pattern inside the ABC pattern, a shark . The shark is labeled differently than the other harmonic patterns and begins with an O verse an X. C should land at the 1.13 fib level of OX. Like the Cypher , the 2nd peak is higher than the first peak. So you can really narrow down what this may or may not be when the pull back from the 2nd peak begins.
Not a recommendation. Possible stop under C
DXCM is known to be volatile. If you do not like long entry level today, wait and see what tomorrow brings (o:
Price broke up from the triangle and the falling wedge.
.
DXCM - WAVE 4 CONSOLIDATIONDXCM based on Elliott wave count is currently in wave 4 consolidation.
It is predicted the stock will move within the sideway range of USD298 and USD456.
For Options trader, Iron Condor strategy perhaps is one good strategy to consider for the trading opportunity.
Happy trading!
DexcomI will try my chances at current price which is weekly 50EMA
If doesnt hold will take another shot at weekly 200EMA
No stop loss for this stock. I prefer to average my entry.
$DXCM waiting on a long entryWaiting for price to break out of the pennant here. The targets are provided based on Fibs.
DXCM /Short itTanked on earnings again. Dxcm is Currently down 20$ in aftermarket and if it drops below 385$ it will be below 200ma ( gold line). I circled in purple the last time they tanked earnings and dropped below the 200ma. If they fall below 385 target then channel bottom (362) will be the the next target.
Ichimoku entry DXCMbroke all the way through the cloud and got all the signals aligned, looks good for liftoff
Look for a great earnings boost here come Feb.This will always be a buy-in my case. They are constantly posting great earnings results and improving the necessity of a medical device. Continue to enter in as this roller coaster climbs up.
DXCM will buy again later...Sold $382I just sold DXCM $382...
Hoping to buy again #DXCM
Share your thoughts here?
DXCOM long over 353, target 391Weak uptrend with recent pullback to support zone.
Momentum is oversold
Keeping stop loss tight
DXCM falls below 200maDXCM just had earnings and investors aren't convinced.. 200ma is 375.42(Gold dots). If it stays below that through PRE market this could get ugly.. targets are redlines
Setting up for a runBroke above 200 SMA with some momentum to the upside.
Re entered previous range , should retest relative high of zone in next week or two.
DXCM flirting crossing above 200MADXCM has been creeping back ever since that massive sell off following a bad earnings. Gapped down below 200day (Gold line) and is now knocking at the door. will need a strong vol push to get thru . Once it does push I'm looking for it to close that gap with the target being Green line
