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ASAN trade ideas

ASAN - Nov 24 Opening Sustainable MomentumTrade Idea Weak businesses that benefited from the Trump rally unravels. Use the lack of elevated bull volume as an additional indicator of weakness We are making a bet that at this stage of the Trump rally, it is harder to sustain buying forces for weak companies and so we will see a price reversion to the mean. We were looking at basket of other potentials - PYCR, ASAN, PENN and FWRG. But only PYCR and ASAN looked viable after the close of the opening H2 candle. However for some reason our Stop Limit order did not activate for PYCR. Technical entry for ASAN, is based on the momentum of the H2 opening candle. RUT and SPX also showed bearish confluence. Trade Planning Volume - After Trumps win on the 6 Nov, volume was largely below the volume MA Position - Price recently made a new high (H2) Price - We have made new highs and are facing resistance to climb higher Trigger We need a momentum candle before we can enter. Opening Sustainable Momentum 🧑🏻‍🚀 Strategy Signals identify market opening H2 candles through momentum and behaviour change that potentially could indicate a shift in the current price overall structure (Price gaps and ADR %). Risk We use the signal candle's highs and lows for entry and stop loss. If price hits the stop loss, it is clear that the shift we expected did not come to fruitation. Current SL is at 0.25Fib Focus Focus is never on the signal candle alone, but it's role in the larger structure and the direction it is inclined towards with a minimum Risk & Reward of 2R. Stock must be in a pull back or consolidation area waiting for a broad market momentum to ignite it forward. Character Trend, Positive Skew
NYSE:ASANShort
by Ronin_trader
5/30/24 - $asan - temped to buy C's mkt seems offsides; risky AF5/30/24 - vrockstar - NYSE:ASAN - 3.7x sales for co growing sales ~10% pa (or that's the expectation) this year is too much esp for sub-scale software so this is a mega high risk thing to own especially since *all?* software is getting dumped - give me a handful of names where that's not the case - and you've accounted for all of them. so the low risk way of playing this is defn to sit it out. that's probably what i'll end up doing. however, i'd be more inclined to play a 8 DTE short situation with 50% of shares held by insiders, the quarterly bogey (and thus the next Q guide) as possibly light and a surprise to the upside. they seem to be inflecting on opex (flat) pretty nicely on the gross profit side of things. what's the right price on this where you have a tough time losing money? 20-25 lower? is it a LT compounder? - possibly yes - given that opex flex i'm noticing, but this environment won't care b/c the factors don't really check the boxes. if i were going to play this long, it would be OTM calls of some variety. the P's skew into print gets zero'd and there's some readjustment of short cover and organic buying. in other words, i think the market might be offsides here and while risk is high both ways - i think 50/50 into results - upside probably 20-30% move, downside 10-15% all else equal. anyone have a more nuanced view on print/ name?
NYSE:ASAN
by VROCKSTAR
1
🔥HOT STOCKS: PYPL & ASANA - Like Monday.com but BETTER📉Hi Traders, Investors and Speculators of Charts📈 There are a few stocks on my immediate radar. 1) Asana - NYSE:ASAN If you're working in a large, dynamic team you're probably using a workflow management tool like Monday.com ... or Asana. Asana is a fantastic tool, I use it on a daily basis. It's easy to use, user-friendly and it has a wide range of easy-to-understand functionalities. BONUS - it has HUGE upside potential. 2) Paypal - NASDAQ:PYPL Who doesn't know Paypal. PYPL has come a long way since inception, and it has improved exponentially from a user perspective experience. Paypal remains the nr1 choice for many people buying and selling online, as well as for many business. What does it have in common with Asana? - it has HUGE upside potential. 3) Alibaba - NYSE:BABA Don't be hasty to buy just yet. Although Alibaba is still one of the biggest online retailers, Shein and Temu is starting to eat away at its market cap. For BABA, there is big upside potential but I am not convinced the price has bottomed just yet. When I spot a reliable bottom pattern, I'll accumulate a position and look for modest TP points. 4) Xiamoi - OTC:XIACF Remember those cute little home camera's that let you watch your pet/child and even speak to them from anywhere in the world? Don't sleep on this one. AI automation, home security and... cars? If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck
NYSE:ASANLong
by CryptoCheck-
2
ASAN could be a good surprise soonPotential Breakout Based on Volume and Earnings This analysis focuses on a stock that has experienced significant volume accumulation in August 2022 and March 2023. Upcoming earnings could be a major catalyst for the stock, potentially triggering a breakout if the company reports a profit. Volume Accumulation: The two distinct periods of high volume suggest institutional investor interest and potential buying pressure. This could be a sign of accumulation before a potential price move. IPO Low as Resistance: The $20.57 level represents a significant hurdle, as it marks the lowest price the stock reached after its initial public offering. Breaking above this level could indicate a bullish reversal. Earnings Catalyst: The upcoming earnings report presents a crucial opportunity for the company to demonstrate its financial health and growth potential. A positive earnings surprise, particularly reporting a profit, could trigger a significant price increase. **Disclaimer:** I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.
NYSE:ASAN
by gusanito
2
ASANA Stock Chart Fibonacci Analysis 121623 Trading idea - Entry point > 21/61.80% 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 21/61.80% Chart time frame : C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:ASAN
by fibonacci6180
ASAN Asana Options Ahead of EarningsIf you haven`t bought the dip on ASAN: Then Analyzing the options chain and the chart patterns of ASAN Asana prior to the earnings report this week, I would consider purchasing the 22.50usd strike price at the money Calls with an expiration date of 2023-12-8, for a premium of approximately $1.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:ASANLong
by TopgOptions
ASAN Asana Options Ahead of EarningsAfter the success of the past 2 earnings calls: and Now analyzing the options chain and the chart patterns of ASAN Asana prior to the earnings report this week, I would consider purchasing the 25usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $1.42. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:ASANLong
by TopgOptions
2
Elliott Wave ClassicAsana demonstrates a classic Elliott wave analysis model. There is a classic upward impulse and a correction in the form of an ABC zigzag, where B is triangle. Now we have 5 wave upward impulse after the zigzag, which after ATH fell from the price of 145.3 to the level of 43.77, almost touching the strong support level of the top of wave . I assume that ASAN can go to the 3rd wave with extension, but it's possible also get situation with more complicated correction in the form of WXY as double zigzag. So, for a short-term trading there is a good opportunity to trade at least wave b of the zigzag as alt. scenario.
NYSE:ASANLong
by Ewangilist
1
ASAN - Double TopPrice has twice bounced off resistance at around $70 forming a double top patten. This signifies a reversal of the prior uptrend and we could see downside unto at least $61 before price finds significant support. MACD also indicates an impending drop in price. Look to enter a short position at market open tomorrow. PT#1 is $61 and PT#2 is 50; place a stop loss just above entry at about $71. This position could pay especially if the broader market drops over fears of a brewing war.
NYSE:ASANShort
by UnknownUnicorn30271326
2