ASAN trade ideas
Do you want a cup of ASANA?Possible move:17%
Reward/Risk: 3.6 (R/R>3 is Ideal)
Time frame: 1-2wks
This is just my technical view, not a fundamental comment..!
I can make you confused you by a crowded messy chart, but I would rather simple effective presentations..!
$ASAN - following expectationsThis is a swing trade for me.
I have sell limit at $36.50
My only regret is that I didn't buy more because ASAN and YALA are literally following my plan to a tee.
ASAN - December 10, 2020ASAN reported earnings on December 9th AMC. Q3 revenue grew 55% yoy and had fiscal year outlook and guidance raised. Although there was an operating loss of 105% of revenues, it is an improvement from FY Q3 2020 net loss of 166% of revenues. Furthermore, the company is expecting to maintain net losses for fiscal 2021 however is citing increased business customers and a higher customer retention rate. ASAN has expanded their ecosystem and product offerings with integrations into Zoom, Jira, Microsoft Teams, and Slack. ASAN trades at a market cap of $4.3B. For comparison, Slack was just acquired by Salesforce for an enterprise value of $27.7B.
ASANA $ASAN Breakout idea for December earnings ASAN possible bottom after IPO. Earnings in December. Could be a good risk reward play if market doesnt crash. Volume was almost non existent until now on this stock.
See chart.
Price target 27$
Stop if market crashes as always.
$ASAN is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
Asana is a work management company.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $29,37;
stop-loss — $26,63
take-profit — MOC price
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
