PSTG May 3, 2024: Waiting For A BreakoutNYSE:PSTG is relatively strong stock during this overall market correction, consolidating from March, and is now right at the MA-50 even when the indices once crashed down further below. A break out above this trendline would provide a buy signal.Longby longsonvnPublished 1
Pure Storage Pulls BackPure Storage jumped to a new record high on strong earnings last month. Now, after a few weeks of consolidation, some traders may expect further upside. The first pattern on today’s chart is the bullish gap on February 29. The data-storage company has remained completely above the gap, which may suggest there are few sellers. Second, prices held the rising 21-day exponential moving average on March 19. They also formed a hammer candlestick. In addition, the bounce occurred near a 50 percent retracement of the most recent surge. Finally, stochastics are turning higher. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.by TradeStationPublished 10
PSTG - 1st SpringEntry: $35.11 Stop: $33.33 Exit Goal: $37.78 w/ Trailing Stop on the way up Risk per share: $1.78Longby wtecharutUpdated 2
PSTG Pure Storage Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PSTG Pure Storage prior to the earnings report this week, I would consider purchasing the 36usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $2.25. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it. Shortby TopgOptionsUpdated 111
Pure Storage Rebounding?Looks like the squeeze is slowing and a bull run is in the future for this beaten up stock. There is a huge gap to fill back to the $26 line. Longby GlennTradingUpdated 222
PSTG: Bullish Pennant, Not confirmed (46.35%)Bullish pennant for PSTG on the Weekly chart. Not confirmed. Pros: 1- PPS above 50MA and 200MA 2- RS above 0 but barely 3- R/R ratio above 5 4- 250RSI above 50 and climbing 5- 50MA above 200MA 6- Both 50MA and 200MA ascending 7- Golden cross circled in Marth 2021 8- Post formed with volume 9- Descending volume during pennant forming Cons: 1- Figure is not confirmed 2- No break out yet 3- ATR flat If confirmed, target price is 53,52$ Again, stay humble, have fun, make money! MAAX!Longby LeLafPublished 1
PURE STORAGE Stock Chart Fibonacci Analysis 040123Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 25/61.80% by fibonacci6180Published 4
$PSTG Shortdownside breakout of channel > return move > rejection off channel bottom. PT is ~$16. A close above $31 would invalidateShortby seekingvalue69Updated 0
Not your blue chip tech company, that's the good thing!NYSE:PSTG in the data storage industry breaking out from a fisrt base after it bottom. NASDAQ:SPSC in the computer software industry, specifically in supply chain solutions, breaking out from a fisrt base after the bottom. Both are 1st in their IBD Industry Rank. PSTG made a cup that could fuel a good move, and SPSC has its next resistance +25% away. Which one do you like better?Longby dpuleo19Published 0
Pure Storage (PSTG) - Breakout Imminent?$PSTG tightening up just below neckline of multi month base. Two tight bars in a row, and inside-day bar on Friday. Longby TheHermitTrader_Published 0
$PSTG Setting Up$PSTG shaping up nicely here for potential move next week. will be on close watch.Longby TaPlotPublished 5
Pure Storage Inc (PSTG) Long positionPure Storage Inc (PSTG) Long position Entry price: $29.95 Take profit: $34.89 Stop loss: $27.44 Risk/reward: 1.98Longby UnknownUnicorn29970036Published 1
PSTG Bottom bounce & popping during 3 conferences through 9/13PSTG setting up a extreme bottom bounce pattern and going long over the next week with presentations at 3 conferences through sept 13 by iCantw84it 09.07.22Longby iCantw84itPublished 111
Stock ideaPSTG reported solid figures yesterday and provided guidance above consensus expectations. The company has positive Free Cash Flow and attractive valuation. In our view, we may watch for an attractive entry around $28.0 (this level provides solid technical support) with lower risk. On good days on the stock market PSTG is definitely set to run to its price target of $32 (first resistance level) and to $37 mid-term. by IrinaTKPublished 0
Is $PSTG ready push higher on the right side of its base?Notes: * Steady up trend on all time frames * Great earnings track record * Basing for the past ~8 months * Pulled back to its 20 day line and is now moving higher with volume Technicals: Sector: Technology - Computer Hardware Relative Strength vs. Sector: 3.54 Relative Strength vs. SP500: 6.42 U/D Ratio: 1.24 Base Depth: 64.4% Distance from breakout buy point: -15.42% Volume 41.61% above its 15 day avg. Trade Idea: * You can enter now as the price is recovering from its pull back on high volume * If you're looking for a better entry you may be able to find one around the ~$30.7 area * This stock usually has local tops when the price closes around 19.92% above its 50 EMA * Consider selling into strength if the price closes 19.72% to 20.12% (or higher) above its 50 EMA * The last closing price is 9.1% away from its 50 EMALongby HaseebKhan_90Published 1
Hopefully with a pull market it will bouncePSTG, Strong earnings showing healthy behavior against a very problematic market.Longby wyosifPublished 2
PSTG in short sideJust for my notes, first time using options Expiration at 18 MarchShortby 3kovinPublished 550
$PSTG to 40 by Marchnew ath printed last week, and has looked strong so far this week. Confident we see $40 in the coming weeks/monthsLongby seekingvalue69Published 110
PSTGProvides technology and data storage solutions Bull flag after 30% growth BUY 26.39 SL 25.75 TP1 29 TP2 33Longby Lazy-LizardUpdated 1
$PSTG Creative Long Setup$PSTG is setting up nicely. A little bit creative setup exited that little shelf few days ago, and sitting on top of it right now and squeezed by the down sloping trend line. Accumulation is clearly evident. This could come out tomorrow of Tech holds and doesn't give away Longby TaPlotPublished 0
Update on PSTG fibonacci and entryPSTG was able to break a strong resistance with the recent earnings report. I have been bullish for a while on PSTG, and continue to be so. However, I expect a pullback to the fibonacci support before entries look good. This bull trend can easily continue, and fibs are the best way to play it imo. Make sure to check out my post on NTNX for a similar long-term pattern. I am not a financial advisor, and everything stated is my opinion. Trade carefully.Longby rhtrader123Published 0
Zone to watch on PSTGPSTG has coming into a key level. I would expect a pull back here as traders take profits. Look for price to hold the shaded box and break out. If it breaks out right away I would prefer to take it on a retest of the breakout zone as this has pushed up quite hard and probably needs some time to consolidate.Longby WadeYendallPublished 114