DDOG trade ideas
Buy Signal: 91.38Ingenuity Trading Model used in- Stock, Forex, Futures, and Crypto markets
The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
Near the support zoneA Cloud Disruptors IPO share, it is like a rising star.
Datadog operates a fast-growing software platform that monitors customers' cloud activity and mines it for business insights. it is a 28B market cap share.
Now it has reached a support zone and another one lies around 60$. I suppose that it will find its support levels soon and start a big run upward.
Important: You must have your own risk management! Don't borrow money to buy stocks(Zero leverage)! Invest in the long-term, minimum of 3 to 5 years! Diversify by buying more than 10 stocks in your portfolio!
Traders! if you like my ideas and do take the same trade.
Disclaimer
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
DDOG longBuy levels: $103.79 and $102.61 and $97.25 and $95
Resistance levels: $102.61 and $103.79 and $109.70
Support levels: $99.06 and $95.40 and $93.60
Cut loss: Below $93.60
Earnings date: 11/10
Estimated move: +4% and +10%
Price targets: $104 and $110
Analysis: Data dog looks to be in a bull flag that should push it higher above the 102.61 resistance. Buying above that resistance level is a good idea for a push further!
$DDOG can rise in the next daysContextual immersion trading strategy idea.
Datadog, Inc. provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally.
The share price rose after Barclays analyst Raimo Lenschow, who has an overweight rating (similar to a buy rating) on the growth stock, had increased his 12-month price target for Datadog shares from $107 to $126.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $111,79;
stop-loss — $103,52.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
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