ASAN trade ideas
ASAN - Consolidation HTF candidate (8/31/21)ASAN is a Hight Tight Flag candidate and is currently in the consolidation phase of the overall pattern. If you look on the lower timeframe you can very easily see the stock contracting making higher lows. ASAN has finally allowed the EMAs to catch up and has seen the 23EMA act as strong resistance multiple times. We are seeing volume dry up and I believe this will be ready for its next leg up soon. The stock has corrected very little in the consolidation phase and has actually made its way higher.
Bear case: not showing any volume recently but the stock did just go on a 100%+ run so it needs some time to digest its large gains.
ASAN entry riding the 3emaTransposing the daily 3 ema to the 3 hr timeframe shows entry on pullback after earnings on the ema reclaim and staying in the trade until a decisive close below.
Revisiting ASAN short side bearish divergenceIn late June, I identified a bearish divergence and targeted the mid to low 50's. This clearly didn't come together, and quickly became a broken trade for a loss -- but what has remained is the same bearish divergence -- RSI making lower highs while the stock makes higher highs. And now we could be forming a rounded top. With earnings around the corner (sep 1?) I could see this consolidating and making it's move post earnings, but it seems to be very tired here. I'm taking another shot going short with a small position on the sep 80 puts; still targeting that 50 area.
Asana, the Next Facebook?Youngest self-made billionaire Dustin Moskovitz is a 41.97% owner of Asana through aggressive purchasing of shares according to simplywallst.
No track record of generating profit so highly speculative stock.
There is a need for improved efficiency through software for businesses with the newly discovered work from home reality.
Will look into who Asana's competition is and if there is any edge.
ASAN LONGNYSE:ASAN ASAN looking like it will bounce off 20 EMA and move higher. Needs to break RSI downtrend for confirmation.
not financial advice
ASAN LONG ON DIPSRevenue growth is very consistent, despite no acceleration during the pandemic lockdown, predictions for future revenue will continue to increase (86% YoY). As businesses begin to adapt towards remote work, project management tools like Asana are essential to productivity and organization. Similar to Docusign, Zoom, and various other stay at home stocks, Asana has solidified its market share in remote work.
ASAN , Lower risk entry , LONGI have taken todays 10 ema visit as a low risk entry opportunity on what is perhaps becoming a good leader .
Tight stop .
ASANAsana (NYSE:ASAN) finally broke out of a consolidation pattern Friday but the volume was not as high as expected. Meanwhile, the stock closed near the highs of the day on Friday and further upside is expected to be seen next week.
Long ASANpopped up on my Rvol scanner
strong up move, with high volume
current price support by a high volume back highlight by the box
taking a swing up before 80s
SWING IDEA #13: ASANWatching for trendline break here, keep it on your watchlist even if it rejects its still playable.
Not financial advice just my opinion.
keep it in your short watch list!Entry:61-62
Stop loss: 65
Reward/Risk:4.5
Target range: 45-46
Time Frame: 4-8 wks
Possible gain: 26.6%
Possible loss: 6%
ASAN: bearish MACD/RSI divergence - target 50-55 (2wks)Another screamer with a negative divergence forming. I think we could see this in the 50-55 zone in the next 1-2 weeks. Here again we have a decreasing MACD and decreasing RSI while the stock pushed new highs.
Sunday Prep 6/27 - $ASAN at short at 65.20 and $70 (if extreme!)I know this idea has been in the Prep for 3 weeks in a row now, but all 3 weeks it worked out EXACTLY like we wanted. And once again, it’s the same setup. Let it extend to points of extremity first, and then look for weakness or for parabolic extension. First level of interest is that quarterly pivot up there at 65.20. After that I think we’re looking for 70.
ASAN ready to fall after huge run??ASAN has completed its channel and W pattern. RSI overbought to 90+. Time to fall ?
Only concern MACD is not showing signs of correction.
ASAN chart study Study this chart for future reference. It still has not broken down below the 10MA.
$ASAN - strat indicatorsDaily and monthly candles have continuation of large green 3 candles with big ole wicks.
Daily has W setting up
Could be worth a swing.
Going to 40 easy Interest is back
Short term pressure are over and is now time to fully appreciate all the Potential from ASAN
Still bullish in my optionnice volume @ A , held after the pull back, and has higher highs. still has potential to move upward
What do you Think?
