DDOG: Descending triangle + gap down (red candle)Descending Triangle
Pros
Descending volume
Gap down + red candle
April 2020 gap to fill
Cons
New ticker. Low sampling
If confirmed
PT1 = 70,09
PT2 = 64,84
PT3 = 61,17
PT4 = 57,49 (for gap fill)
DDOG trade ideas
$DDOG - Buy The Dip$DDOG shares are down after reporting a great quarter and I feel this is an opportune time to buy the dip. I see max pain being the gap down to $60 however there is a gap that leads us back to nearly $50.
A couple more things on $DDOG and software...
In general I've seen software exuberance work generally in waves. People buy into buying, happened on ZM IPO, CRWD IPO, DDOG IPO; it occurred it late 2018, in 2019, and here we are again at another software (or just were) peak. Software goes through these radical volatility swings regularly and at this point as an investor I am used to it, hence why I want to buy the dip. This is not to say that software won't consolidate for a year after a tremendous run off the lows & to new highs - this has exactly happened before, see SQ OKTA Z... etc (TSLA also). An argument could also be made that even with the mythical 'value trade' coming that takes down tech and brings the 'real' market back where it's fair valued, one could argue that tech still has more to go both long term and short; and hey, I'll make that argument! I am not concerned about valuations (although if we were to continue following the trend line I drew $DDOG would get >50x 2020 sales which is pretty crazy even considering SHOP ZM.
I believe that in the future (the near future, not 10 years, <1) $DDOG will be at new highs and buying the dip here will work as a nice entry long term. However it remains to be seen if/when this famed, at this point mythical value rotation actually takes place. Sure if and when there's a vaccine COVID-hit stocks will likely rally, and this is value. But in the mean-time, and certainly after that rally, software will be back in gear. $DDOG will grow nearly 60% with positive non-gaap net income & cash flows in a pandemic . If you do the DCF analysis into 2024 at 40% CAGR I believe you will see the value I am talking about. Happy to buy $DDOG here if software gets back in style in the short term, happy to buy at $60 if we've carved a new range and decide to fill the gap at some point, and happy to buy at $50 if we ever decide to fill that gap as well. Today I begin adding to $DDOG for the first time really since March, and I will do it with patience and let the price action play out. $DDOG trades at nearly 40x sales even after today's drop, and the market can certainly decide to drop that by 25% again if it so chooses.
Earnings DDOG Pop and DropThis is short term earnings expectation. The note on the chart is my intuition/guidance. Definitely some reversal energy in here because my dowsing suggests a reversal, however it could be up on the day 8%.
So I'm wondering if it's up over 8% tomorrow and then reverses. This is based on intuition and dowsing.
GAPS DDOG is on it's way down it would appear. Left a gap down that will perhaps be filled, one day. The gap below may be it's landing pad.
They beat earnings so go figure?
Gaps below can come in handy if I want a stock because it could possibly go down to fill that gap. As a rule, it does not seem like the market likes gaps. Plus they seem to serve as support when below price and resistnce when above price. ZS has never come back down, yet, to fill gap up at 86ish
I do not see a rising wedge.
I use Chartmill, great site, I do notice there is large effective volume in stocks that are in the value range
Things sure do change in a heartbeat in the market!
DDOG - TRADE SETUPI like the break of this support back to the 100MA here. I like the trap of these people with this break. That 100MA will move every days so watch where it is.
Looking at Datadog after earningsDatadog said it earned $284,000 in the quarter when most analysts had expected it to lose money. The stock is down about 12% right now. How does the management team not know it's way cooler to lose money? They clearly did not study the Hooli playbook well enough.
I'm just joking.
But I am looking at Datadog after earnings and well, it has me thinking. This thing has popped higher on very little volume relative to its IPO day and volume profile since that day. I've marked the POC on the chart with "Yikes."
Has this name gone too far too fast? I'll be watching.
For those who have used the Datadog product, I hear it is good. So that does say something.
DDOG H&S Pattern Forming- Next support? DDOG has been on a tear for some time. It's found resistance at the $99 level and it now looks like it's forming a Head and Shoulders pattern. RSI has been falling creating a price divergence, with price continuing to rise so a drop was expected. MACD has been showing less speed, a lazy sluggish move sideways. I happen to own shares in the 30's so I'm holding for the next base to form. Major support will come between $81 and $76- right around the 50d ma. The 21d ema couldn't hold it and won't hold it here. if it breaks the 50d next support is scary; an unfilled gap at $60. Watch RSI to hold trend at 52 for reversal.
There is hope an hourly gap at $81 might hold but the beating IT software companies have taken, I'm expecting hard supports to allow new strength.
$DDOG / DATADOG: shoulder-head-shoulder Going Down.DATADOG : is going to fall down 15% in the next week...
$DDOG love the dog. looks to be a bu above 98.Really nice change in character on this stock. Looks like a century stock.
DDOG - DataDog - $75 to $77.50 Entry Point0. Looking at the pullback in certain equities, and DDOG is looking attractive with a dip back into the channel;
1. $70 to $77.50 range if we get there, looks like a great longer term entry;
2. As you can see, we are in from much lower, but we feel this stock is going much higher, so we would like additional exposure.
- drchelsea
Bullish flag setup confirming today on the dailyA study done in the Encyclopedia of Chart Patterns, "flags" like this one have the highest probability of success for trend continuation.
Stops under 69
BUY To DATADOGHello traders, DATADOG is giving a sign of a downturn, its could break from the bottom trend line, see if its breakout the consolidation zone for upward recovery.
Please LIKE & FOLLOW, thank you!
The time for a $100 DDOG!Looking good on all indicators and price action looks healthy.
found support on previous upper resistance of a rising wedge, validating bullish pressure.
good buy here imo
not financial advice.
stay safe
One of these days.... The Rise of SaaS stocksI totally understand why SaaS stocks are ripping and continue to be a big name and mover in markets. They are online, they are easy to reproduce, and all you need is a great sales team. But, one thing I am thinking about is valuation. At what point have they become detached from reality and at what point is it easy for a competitor to take away market share. For now I am just watching, but they are on my radar as they continue to climb. I think they have higher to go before the mania really begins. After that, I think volatility will enter.
