GTLB trade ideas
Gtlb could be a good buy before earningEARNINGS TODAY... always risky. But i like GTLB at this spot, on top of the bollinger bands, good support below, i'm playing this with commons with the hope that 70-72 is hit. Above $72 this could go much much higher, that could take more time to play out.
$GTLB Would you bet on it?NASDAQ:GTLB is forming a potential inverse head and shoulders pattern with a measured move to $90.
The earnings report (ER) is after hours today. There is a risk that it could drop to $50.
Knowing that, would you bet on it?
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
Gap held on daily time frameGood company with growing revenue. Stock respected gap on daily timeframe. Can go higher. Position started today.
Gap held on daily time frameGood company with growing revenue. Stock respected gap on daily timeframe. Can go higher. Position started today.
GTLB GitLab Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GTLB GitLab prior to the earnings report this week,
I would consider purchasing the 68usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $3.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GTLB - Are we back again for a long trade?GTLB - Finally showing some signs of life. Good breakout today.
Long anywhere between 50 - 54
Stop Loss - 46
Target 1 - 60
Target 2 - 70 (after a drama)
GTLB Builds an Engineering Paradise on Its Way to $78.50GitLab is showing strong bullish momentum, with a gap forming at the $51.00 level. A break through the $56.90 resistance would confirm further upward movement, targeting the $78.50 weekly resistance level. With an attractive 3.61 risk-to-reward ratio, this trade offers a compelling opportunity to capitalize on GitLab's upward trend, while managing risk with a stop-loss at $47.00.
GitLab’s position as a leader in DevOps and software development platforms, along with increasing enterprise adoption of cloud-native solutions, strengthens its long-term growth potential. As digital transformation accelerates, GitLab is well-positioned to capture increased market share, supporting a bullish outlook toward the $78.50 target.
NASDAQ:GTLB
GitLab reports strong Q2 earnings, surpasses expectationsGitLab Inc. has delivered a robust financial performance for Q2 , posting earnings of 12.3 million USD or 0.08 USD per share, a significant improvement from a loss of 51.2 million USD or 0.33 USD per share a year earlier. On an adjusted basis, earnings per share reached 0.15 USD, surpassing the expected 0.10 USD per share. Revenue also rose impressively, reaching 182.6 million USD, up from 139.6 million USD and exceeding forecasts of 176.9 million USD.
The positive financial outcome has led GitLab to revise its full-year earnings per share guidance upwards to 0.45-0.47 USD and its revenue forecast to 742-744 million USD. This update reflects a strong demand for GitLab's offerings and a robust operational execution.
Technical analysis of GitLab Inc. (NASDAQ: GTLB)
Looking at GitLab's stock for potential trading opportunities:
Timeframe : Daily (D1)
Current Trend : the stock is in an uptrend, having recently broken the resistance at 48.90 USD, which now acts as support
Short-term Target : if the uptrend persists, the immediate target is 60.55 USD, following the break above the previous resistance
Medium-term Target : if the bullish momentum continues, the price could potentially extend to 76.35 USD
Key Support : positioned at 44.50 USD
Downtrend Scenario : if the stock were to reverse and breach the support at 44.50 USD, it could target a lower support at 37.10 USD
Market outlook
GitLab's shares show strong bullish signals following the positive earnings report and upbeat revenue projections. The break above key resistance levels suggests confidence among investors in the company's growth trajectory. Traders and investors might consider potential entry points as the stock tests new highs, keeping an eye on the established support levels for risk management. The company's upward revision in financial guidance could continue to fuel investor optimism and propel the stock towards medium-term targets.
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8/21/24 - $gtlb - tough valuation high 40s. sidelines.8/21/24 :: VROCKSTAR :: NASDAQ:GTLB
tough valuation high 40s. sidelines.
- high 8x ev to sales great mid 20s top line growth
- what really worries me is getting NYSE:SNOW (flaked) when people realize that the sales expenses necessary to produce gross profit growth is temporarily stalled out
- product great. growth remains great. net cash... awesome. stock comp - massive and not helpful in light of the above.
- i just see no reason to neck out in this tape into print (especially bc the next few weeks will be choppy as is). if we get a rally into month-end i'd probably cut this if i owned it.
- just don't like the r/r. i would struggle to own it if they beat and i think all else equal a miss could send this down pretty large (15-20%) and i'd be wondering if i should add or cut. i don't like putting myself in those situations.
lmk if you see it differently. i'll root for you on the sidelines into this print on sep 3 but i can't add my capital to play along.
GitLab - daily chartGreen = Yearly
Pink = Monthly
Grey = Weekly
the top of the blue distribution candles are support.
the bottoms of the white accumulation candles are resistance.
mark you own daily levels in red
GTLB - 15minThe light blue lines are 15min timeframe data points. they are weak levels in relation to 4hr levels but they are correlated by fractals with the weekly.
blue lines 15min
orange = 4hr
grey = weekly
green = yearly.
If price keeps distributing, we'll see lower prices... lol
GTLB - Good risk to reward zoneGTLB is coming out of down trend now. Bounced off the bottom.
It’s in the buy zone between 46-53
Target #1 60
Target #2 65
Stop loss - 42
$GTLBNASDAQ:GTLB is setting up a breakout with a nice ascending triangle on the hourly chart. A move above $51 should ignite strong momentum, Keep an eye on the $51 level for a bullish confirmation.
GTLB High margin of safety Good resistance at these levels and with continued revenue growth looks like a good place to buy. 💰
6/3/24 - $gtlb - small long. setup + GT's + comps good. val rich6/3/24 - vrockstar - NASDAQ:GTLB - let's be clear 9x sales isn't cheap. but 35=40% sales growth on inflecting opex leverage looks very attractive to me. stock has defn seen the pullback in the last few days as a result of B2B getting factor bodyslammed. the low key way to play this is to buy a pullback (mind the gap at $36 which is defn in play given what we've seen across the space this earnings season).
however, what keeps me wanting to go long this into the print is the google trends look bang'in and again, the biz ops/ fundamentals are good. i don't love the stock comp component - but that's par for the course for these sub-scale (sub i mean sub 20-50 bn) co's.
trends.google.com
these sort of trends are what kept me w/ my smallish NASDAQ:ZS into print.
look at NYSE:GDDY , NASDAQ:WIX and recently Ssqsp got taken private too. so while it's a slightly diff "service", there's firepower from these likes to M&A it too.
anyone have a more nuanced opinion?
GTLB Bullish Trading IdeaDisclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice.
Wyckoff was marked on the monthly timeframe.
For me, GTLB is doing wyckoff accumulation and I've marked the zone I'm waiting for the price to reach so I can buy.
Hopefully it delays there 1 or 2 months so I can get more capital to invest.
This is a long term investment for me.
Gitlab ~ An Early Investment Re-LoadedFundamentals:
The Google-Gitlab partnership improved the fundamentals of this company. Earnings and sales are growing. This stock IPOed two years ago. A growing amount of funds are accumulating this stock. Forecasted earnings were lowered for 2025, but still positive. I cannot gauge the EPS growth yet because the stock is still too new. However, A quality funds are still piling in gradually. ROE is at 5%.
The last time I posted about GTLB, it has a negative cashflow. The recent earnings reported a positive cashflow for the first time.
Last year they did a "disaster" guidance; however, 2023 was a success for the company. The According to a commentator on Seeking Alpha, the only reason why it fell was "the lower-than-expected guidance had a negative impact on the share price. However, GitLab has a history of beating estimates. It has done so on EPS and revenue estimates the last 8 times."
"....But, depending on how the stock reacts in the coming days, there may be attractive entry opportunities. If the share price continues to fall, we could be looking at an attractive price for a wonderful company."
So based on the chart and the speculation about the company's strength, I think that this is a pullback worth buying.
Technicals:
Weekly:
The daily gap down (weekly pullback) this week was probably a result of the lowered forecast for 2025. But this pullback is what I was waiting for to possibly add to GTLB.
ADX is trending.
Pullback into the guppy wave
38%/50%-61.8% Fib confluence of support
Rising TL
The price fell below the kijun, but there is lots of horizontal support in confluence with multiple fibs.
Ichimoku-MACD is up above the water line for the first time in the history of this stock.
Stage 3 Ichimoku trend
Daily:
exDiv1 and extremes indicator
Waiting for a Green Day
Daily chart could turn into a fake bear crown. The weekly chart would not confirm a daily bear crown.
Comment:
This is a pullback in the start of GTLB's bull market. This pullback presents a buying opportunity. Anything between 40 - 60 is a favorable discount, a bargain. If the trend holds, then I will aim for 100 and 137 as a target by the end of 2024.
Unveiling the Layers of GitLab (GTLB) Stock: Insights & Analysis
GitLab's ( NASDAQ:GTLB ) short interest has witnessed a notable decline, signaling a shift in market sentiment. With a 14.54% drop since the last report, this decrease may suggest growing optimism among investors. Short interest acts as a barometer of market sentiment, and a decline often indicates a bullish outlook.
Navigating Stock Price Dynamics:
On March 8, 2024, GitLab's ( NASDAQ:GTLB ) stock experienced a slight downturn, closing at $57.70. Despite this, the stock remains within its 52-week range and above its 200-day moving average, indicating stability and potential for future growth. However, investors should scrutinize the factors contributing to this decline to discern whether it's a transient fluctuation or indicative of a broader trend.
Peering into Financial Performance:
GitLab's ( NASDAQ:GTLB ) financial performance presents a mixed picture, with both positive and negative indicators. While the company reported a robust 36.66% increase in total revenue for the year, totaling $579.91 million, fourth-quarter revenue remained stagnant at $163.78 million. Net income saw a significant decline, reflecting a loss of $424.17 million for the year. Despite this, there's a glimmer of hope as net income improved compared to the previous quarter, alongside relatively stable earnings per share.
Analyzing Potential Growth Trajectory:
As investors analyze GitLab's ( NASDAQ:GTLB ) financials and market dynamics, they're keenly observing the company's strategic initiatives and future prospects. With a solid foundation and ongoing efforts to enhance profitability, GitLab holds the potential to navigate through challenges and drive growth in the upcoming quarters. Moreover, its positioning within the tech sector, coupled with the evolving digital landscape, presents promising opportunities for expansion and innovation.
Conclusion:
GitLab's ( NASDAQ:GTLB ) journey in the stock market is a testament to the complexities and opportunities inherent in the world of investing. As investors weigh the layers of information surrounding GitLab, they're poised to make informed decisions that align with their investment objectives. While challenges may persist, GitLab's ( NASDAQ:GTLB ) resilience and strategic endeavors position it favorably for future growth and success in the ever-evolving tech industry.
GTLB a software company dives on an earnings beat LONGGTLB did a deep dive shaving 20% off its market cap after the earnings report. I see this
big dip as a buying opportunity for a software company stock at a significant discount more or
less ignoring the adverse forward guidance as fluff or purposeful misleading of investors
and traders to create a bit of a bear trap from which to launch a squeeze to propel the price
action. More details on the chart. I will go long here and expect to gain 10-15% with a little
patience. The general market downturn helped GTLB fall and then reversal of the general
market will give tailwind to the return trip. Targets are on the chart based on the high volume
trading range on the volume profile.
GITLAB: Elliott Waves and Reversals potentialGreetings, fellow investors! In this technical analysis, we explore the Elliott Wave patterns shaping the landscape of GitLab (NASDAQ: GITLAB). As of the current evaluation, the stock is positioned at a critical juncture, poised for the completion of wave 4, with a nuanced focus on the unfolding wave ((c)).
Wave 4 Overview:
Having traversed through waves 1, 2, and 3, GitLab now stands on the verge of concluding wave 4. This corrective phase sees the completion of both wave ((a)) and ((b)), entering the final leg of wave ((c)). Within this intricate phase, wave (i), (ii), (iii), and (iv) have successfully played out, setting the stage for the imminent completion of wave (v) within ((c)).
Key Support Levels:
Equality Extension: After achieving the equality of wave ((a)), GitLab has approached the extremes, reaching 1.618% of wave ((a)) in wave ((c)).
EMA Confluence: Notably, the 55-56 zones present a significant confluence, housing both the EMA 50 on the weekly timeframe, along with the EMA 200 & 100 on the daily timeframe.
Internal Wave Counts: Further reinforcing this critical level, internal wave counts align, adding weight to the potential reversal zone.
Anticipated Reversal and Targets:
With the confluence of technical factors at the 55-56 zones, there's a compelling case for a bullish reversal. A reversal from this level could offer a promising swing buy trade, signaling a northward trajectory to complete wave 5. This anticipated wave 5 has the potential to surpass the high of wave 3, pegged at 78+ levels.
Invalidation and Risk Management:
To safeguard against potential downside risks, a close below 55 is established as the invalidation level. This serves as a prudent measure to reevaluate the analysis in case of unexpected market movements.
Wave 5 Insights:
Wave 5, known for its impulse and directional strength, often exhibits a final burst of buying or selling pressure. Traders should be vigilant for signs of divergence, volume spikes, or other confirmatory signals as wave 5 unfolds, enhancing decision-making precision.
Remember, the market is dynamic, and risk management is paramount. This analysis is not financial advice but aims to provide an educational perspective on GitLab's potential future movements.
Happy Learnings!
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
$GTLB Earnings PlayA nice Pocket pivot for NASDAQ:GTLB before earnings today. It is already in Stage2 since last earnigs release. Will this be a continuation?
$GTLB - LONG 40% potential gainThe stock price prediction for GitLab Inc. ( NASDAQ:GTLB ) involves a technical analysis pattern known as the reverse head and shoulders, indicating a potential bullish reversal in the stock's price. This pattern, recognizable by its distinct formation resembling a head with two shoulders on either side, but inverted, suggests that after a period of downward trend, the stock is poised for an upward movement. The analysis estimates a ~40% probability of this pattern leading to a significant price increase. Such predictions are crucial for investors looking to capitalize on potential market movements, although it's important to consider the inherent uncertainties and risks in stock market predictions.
