0K9O trade ideas
NTNX Defying Broader Market Sell OffI know market conditions are tough right now, but usually when we have tsunamis, the giant waves reveal hidden treasures in the market and NTNX appears to be one of them.
If we survive these tough market conditions, I think we will see plenty of upside for this data-center play. I would be on a lookout for a play on this on as the markets recover.
NTNX Bullish SwingRetest gap today. Great bullish volume. Breakout from a Pennant pattern. Looking to play the retest. 2R target is below the long term support and resistance. I'm looking for NTNX to break through the resistance level longer term if it continues on the bullish trend. If the trade works out, I will adjust my stop based on pivots within the trend lines. If the trade takes a while to break through the resistance, it may end up being a longer term trade.
NUTANIX a 'must have' stock for me.Fundamentals:
Interesting article
www.investing.com
Especially this graph:
d1-invdn-com.akamaized.net
Technicals:
Impulsive break of 23$ with steady volume picking up, dips will be very good supported. There is a great chance that we will see another leg higher into 30$ for a gap fill.
There is a big chance that this correction is over, and the next leg has started my stop will be around 21$.
All the best..