PSTG trade ideas
$PSTG - Breakout AttemptMore volume is needed to push higher. Upside target 29. I have a long position via options.
+26% profit in daily descending triangle on $PSTG I published the pattern here guys , Before the move happen .
Success descending triangle on #stocks $PSTG .
It could go long again but it needs a pull back after this strong move .
Massive cup and handle - expect some news soonHas been consolidating in a narrow range for several months. The larger picture is showing a classic cup and handle/falling wedge. Next target $30.
Descending triangle on $PSTG It breaks out of the upper trend-line however, these patterns are popular and nasty when it fails so please be careful and play with small size until you master it , every pattern needs years to master YES years i mean it . Once you stay around for couple of years you will understand what i said .
$PSTG - PSTG30 - RED ALERT - 1/23/2021Friends, I come to you with a RED ALERT
- Company with disruptor tech only understood by software engineers (Kubernetes)
- Similar to $PLTR ranged for a month+ in a bull flag
- Currently on 5th try at breaking the resistance of wedge (PLTR broke out on 5th try)
- Tech season, many other accumulated tech companies breaking out with political unrest settled
*** 85% Institutional Ownership ***
*** 58 Hedge Funds currently holding ***
*** ARK, aka Cathie Wood is the 7th largest shareholder, owning 37,502,384 shares, valued at $861.80m. This amounts to 10.7% ownership of the company!!! ***
*** Chamath's Social Capital is behind this as well. In fact EVERY investment bank and fund is in this. ***
This will EXPLODE! This is a RED ALERT
Bull flag formed for PSTGBull flag formed for PSTG, MACD goes up, waiting for more confirmation and a bit more volume. I expect it to go up at the end of this month.
p.s. it is just an idea and it may be wrong. Make your own investigation before investing, choose your position size wisely and don't forget about stoploss :)
Ready for $28.This has been consolidating at these levels around the "handle" portion of a massive cup. Recent M&A rumors have been circulating and we've observed unusual call buying activity. The fibonacci extension is indicating that a probably next leg up target is around the $28. We remain highly bullish.
Pure Storage ($PSTG) Long to $35 by EarningsUnfortunately I see a little bit of downside next week with some heavy selling in the 20s. This is just a small correction though, and I will be buying into downtrend to $21. We will see a parabolic run soon enough.
PT: $35 by ER.
Top 10 2021 Picks (PSTG) Expecting PSTG, a gartner magic quadrant leader in storage arrays to eventually breakout of its IPO base in 2021, driven by Proliferation of data (175 zeta bytes by 2025, a 27% compounded annual growth - source IDC) and hybrid cloud adoption
PSTG fib retracementPSTG fib retracement for the following months following beautifully. Chart dates back 3-4 yrs.
$PSTG - watch for a dipGetting into PSTG on a dip back down to the 20 EMA
I will continue to reevaluate daily to ensure that waiting on a touch of the 20 EMA is going to happen.
This is on the heals of a golden cross.
Excellent breakout today - headed to the 0.768 Fib extensionPatience is playing out for longs on this one. The chart is creeping up towards the 0.768 Fib extension target of $23.48.
PSTG Cloud Data Long OpportunityPure Storage PSTG, Long opportunity. Not a day trade or swing. Has formed a nice base and seems ready to steadly increase. Target 20$ for earnings at the end of November. Unless big market crash or cloud bubble, should flag for a while , consolidate and then start its bull run.
tgt chart requestlooks like a longterm bearish trend to me but it does have potential to turn around here if it can cross over 20-21 resistance. id wait for a break over that for a swing entry, goodluck <3
SMA and Pivot AnalysisAnalyze using SMA of 15, 50, and 200 and pivots to look at the resistance and support levels
