DOMODOMO breaking out after some consolidation. Earnings this week could push the stock back to its 2019 highs.
DOMO trade ideas
Domo Inc (DOMO - NASDAQ) - Impulse wave patternDomo Inc (DOMO - NASDAQ) is in 5th wave up in 2 hr time frame. It has completed wave 4 in zigzag ABC correction. It starts moving up in 5th wave, Keep eye on invalidation level, which if invalidate then used as stops to buy for 5th wave. Wait for 2nd subwave to get down for entry to 5th wave up.
Trade #0001 -- DOMO Long from Higher Time FrameEntry: 29.30
Protective Stop: 25.86
Safety Target: 36.16
Final Target: 47.61
Downtrend in Weekly - Break up in the Daily Chart with opportunity to join a brand new Uptrend
Weekly Trendline needs to be broken and will support the change to the upside
Anticipatory trend change from basing (yellow rectangle)
Unusual Option activity buying calls last week support the trend change too
Could DOMO be starting a recovery after an ERs dip?Could DOMO be starting a recovery after an ERs dip? Likely will find resistance above but still a ways to go. Bullish big data.
My Trade favorite for Jun 7 2019 $DOMOGood Morning Traders, so today i am looking for a short opportunity on NASDAQ:DOMO , if we look at the daily we broke a very respected Macro Trend Line, i will be lookig for an entry opportunity after breaking USD25.00 area pivot, my target will be at least 2 points, i will wait for the volume to come in, and confirm my plan, otherwise we will keep looking for another trade name.
If you like a second trade idea, i will also be looking very closely to NASDAQ:DOCU to the short side, NASDAQ:ZM for the long side, have a green day floks.
Remember this is only for educational purposes.
GL!
$DOMOWe entered $DOMO in the chatroom earlier today. Going to trim some and book gains, $40 mark here we come!!
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Long DOMO
DOMO has hit a steady support line after their recent break out @ $37. Hitting the support three times in a row, at an almost same range @ $37 leads me to believe the price will hit a resistance in the coming days at $45~ price range.
Technical's aside; the company and the service provides is great. The DOMO platform is used by many for data warehousing, and has a long fore sable vitality in the industry.
After the dome high, the market will react with an extreme fall
Dome touched for the third time a trend line. Probably it will return to lower prices even more with indices plunging around the world ..
Will domo touch the Hype zone again?
This is a good company that I am buying and leaving in my wallet. Only buy it in safe and secure zones in the long run. That's my view on the domo.
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