AZPN longThe price movement has formed an ascending triangle. After a break of the recent highs, I expect the price to continue his bullish move
AZPN trade ideas
AZPN: Short IdeaLike AZPN short based on the first test retrace from below back to the 200 SMA. Stop is close above recent daily high. Should gain momentum below 201, which is the key level to take out. Target is 500 SMA. Half profits at halfway.
AZPN Short IdeaThis is a nice setup for a short in one of the leftovers of last year's rally. Pattern is pretty much the same, bit of a squeeze now that the market has been rallying after the top, but weaker than many other names. Now we use this squeeze to get in short following the levels here presented with Red line SL, black entry level (give or take for you), Green line TP 1 & 2. GL
Aspen Technologies AZPN - LONGlooking for it to go up? has been strong to the upside, potentially going further up?
AZPN LONG WEX SHORT HEDGE ( CLOSE POSITION )Performance of AZPN LONG WEX SHORT HEDGE againts SPX
Position open date: 10.05.2022
Position close date: 18.11.2022
Portfolio Beta: -0.13 SPX Beta: 1
Portfolio VaR: -1.39% SPX VaR: -2.08%
Portfolio CVaR -1.53% SPX CVaR: -1.62%
Portfolio Return: 24.7% SPX Return: -1.36%
AZPN - Ascending Triangle BreakoutAn example of an Ascending Triangle that has broken out bullishly
4D timeframe
Bullish
$AZPN Long ATH - Trade Idea$AZPN is showing great strength and is a rare leader in Tech. A breakout above $194 Pivot looks positive. Nice Consolidation and strong action in the name. Ideally I would like consolidation right below the Pivot before entry.
$AZPN #Breakout Target 217$$AZPN Breakout in 1h Chart on above average volume after consolidation phase - Target 217$
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA --> Check
2. Consolidation Phase in Uptrend --> Check
3. Breakout on above average Volume --> Check
AZPN LONG WEX SHORT HEDGEConsidering Q3 results AZPN looks STRONG especially against WEX.
AZPN
FY 2022 Guidance: Annual spend growth of 7-8% year-over-year
Free cash flow of at least $285 million
Total bookings of $814 to $840 million
Total revenue of $737 to $754 million
Aspen Technology Looks OverboughtIn the case of AZPN, 6 of my algorithms signaled a SELL on April 6, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. All algorithms in the current instance are signaling overbought.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 2 Hour chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance.
The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
All statistics and the full analysis are available for free as always at the site below.
AZPNAZPN idea
can buy once Breakout trendline
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
$AZPN with a bullish outlook following its earnings #BeststocksThe PEAD projected a bullish outlook for $AZPN after a negative over reaction following its earnings release placing the stock in Drift C
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ASPEN TECHNOLOGY INC- The market broke with power . the line which served as support for the bullish trend . which became resistance after the small correction of
March 9.
- the market is always bullish . But he's starting to lose a bit of his strength. if it ever breaks (135.46) there is a probability that it will go towards
around (149.40).
- But for the moment the probability that it will return to fill the daily gap which is in the approximately of (99.76) is higher
Sell Short: Aspen Technology Inc AZPN Technology SoftwareSell Short: Aspen Technology Inc - Ticker: AZPN - Sector: Technology Industry: Software—Application
Go to the Invest2Success Advisory Page and Also for USA Asia Financial Forecasts
Sell Entry: 104.90 to 103.23
Stop-Loss: Available to Subscribers
Take Profit Price Targets: Available to Subscribers
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$AZPN looking for trendline > break$AZPN softie/Oil related, FMR Fidelity took >10% w big $$$ past Q looking. FMR big stakes matter from past experiences. Vanguard at 9%+ stake too.
AZPN - Potential Gap Trade after Earnings Call2 Stop Loss positions, depending on your risk tolerance. Earnings Release created a large Gap Trade Opportunity. Stop losses at $112.60 or $110 - Profit at $140.
pull back before a take offelliot wave count i see its b going into c so the short term is short that then becomes a long
XLV - Blow off topAZPN had an immense parabolic run up.
The stock just finished breaking it's major support, and has now started distributing.
Expecting downside from here.
Love how earnings is coming right up.
Bigger image, without indicators.
$AZPN AZPN Aspen Technology Hyperwave in a Phase 5Hello all, putting up another Hyperwave chart, this one I found while going through Russel index one by one and luckily found it early as I was looking alphabetically... Although it is not a macro global type of company that I'm aware of, the structure is clearly in a very clean Hyperwave. One thing to note is if you go back far enough price was above the Phase 1, but it reset, which Hyperwaves can do and it stayed below the Phase 1 for many many years before developing into the current HW. We will watch for the 6 closely, and trade it with a bullish bias and be on the lookout in the future for a 7, that will break whatever new weekly trend breaks the future 6. Right now it is tough to play because it has fallen already, could go further, could stall, safest to wait until clean Phase 6 appears and then trade bullishly. If holding, DO NOT SELL YET, wait for 6 to develop and then get out but keep in mind Phase 6 will never reach the peak of Phase 4.
