$GTLB - I reenteredNASDAQ:GTLB I reentered with a starter position. MACD just did a bearish crossing, so we could see further weakness or consolidation in price action. Translation: there might be an opportunity for a better entry.
GTLB trade ideas
$GTLB is brewing ... Recent earnings estimate revisions for GitLab Inc. have been positive, indicating that analysts are optimistic about the company's near-term performance, which could be influencing the stock's potential upward trend. Plus the weekly chart showing a cup and handle pattern, which add another positive indication.
$GTLB - Cup and handle?NASDAQ:GTLB is forming a cup and handle while also forming an inverse head and shoulders pattern in a longer time frame.
If we can break above the $73 neckline area, we could see this run to the $90 area.
See support and target areas.
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
$GTLB - Cup and handle?NASDAQ:GTLB is forming a cup and handle while also forming an inverse head and shoulders pattern in a longer time frame.
If we can break above the $73 neckline area, we could see this run to the $90 area.
See support and target areas.
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
GTLB Swing Trade Setup Buy signal triggered yesterday when I added a small position. I increased it today after seeing confirmation. It's moving okay with volatility contraction. I am betting we will see a volume spike that will bring price up faster.
It's not a high risk trade and the back tests stats are good, so why not? Plus, I like the company :)
GTLB also seems to be undervalued.
I will probably get out before the "average days in trade" from the back tests.
Pushing Code, Pushing GainsGitLab is demonstrating strong bullish momentum, with a gap forming around the $50.00 level. A breakout above the $73.60 daily resistance would confirm continued strength, positioning the stock to target the $78.42 resistance. This setup offers an excellent risk-to-reward ratio, with a stop-loss set at $50.86 to manage downside risk.
As a leader in DevOps and software development solutions, GitLab is positioned to benefit from the increasing adoption of cloud-based collaborative tools. The company’s commitment to innovation, expanding customer base, and focus on driving operational efficiency enhance its long-term growth potential.
For a deeper dive into this setup, check out my YouTube breakdown, where I cover the technical analysis and the fundamentals driving this trade idea.
With its technical momentum and strong market fundamentals, GTLB presents an exciting opportunity for traders and investors aiming for $78.42.
NASDAQ:GTLB
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.
