QuickTrade 172 : SIn case of break...
Long, looking for a bullish cross test of the 250h
Short, looking for a failed cross with test of the previous gap up level.
S trade ideas
$S - Trade idea by The Kido megaphone structure, $S will decide whether it's breaking the support or resistance line of the megaphone.
//(! = break )
!resistance = long
!support = short
with timing and good candle structure & volume to approve the play
(! = break )
S SentinelOne Options Ahead Of EarningsLooking at the S SentinelOne options chain, i would buy the $30 strike price Calls with
2022-9-16 expiration date for about
$1.35 premium.
Looking forward to read your opinion about it.
SBounce off of trendline support and or price support. Stock really likes this range probably get out around 26$. Depending on momentum and market sentiment.
Sentinel One: Retest and Fly. Sentinel One is a a relatively young cyber security company which had it's IPO last June. It was safe to say the IPO went well, it was the highest-valued cyber security stock IPO. 40.3 was the lowest price wicked to, that's the area of monthly support we're essentially at today. Cyber-Security is a fascinating space, S is a chart to keep your eyes on if you have interest in a developing stock in this sector.
S found its all time low recently at around 29 dollars. Volume surged at that price and even more so at the 35-38 dollar area. I'm looking to enter if we get a good retest from here.
My targets are: 33.5, 32.2, and 31 dollars. Take profits are outlined in the chart, 46, 51, and 56 dollars.
If we go below 28 dollars I will plan to exit the trade.
SentinelOne (S) LongAssuming the market does not completely tank, this may have found a bottom. See the large amount of accumulation around here.
The 1.272 retrace of the last move is around 43, where the stock triple bottomed. If this fails the next stop could be 34.
The first resistance, assuming this can break 51, should be the 0.382 retrace of the full down move, around 55-56.
Double bottomPrice has retraced all the way back to it's IPO price and converging in a descending wedge. It's put in a double bottom recently with bullish RSI divergence. Now just waiting for a breakout of the wedge and a back test to confirm. Stop loss would be a break below the bottom of the wedge. Coincidently the end of the wedge is when the FOMC meeting is held. Could be a make or break day.
Swing possible 30% gain and more50$ was a resistance, Yesterday the candle closed above 50$. I am expecting that the stock price will rise up. Also the fundamentals are nice, very strong growth in the last quarter. Is this the new Crowdstrike? (CRWD)
US Stock In Play: $S$S reflecting december RS, pretty identical to $BROS on their past 4 weeks of consolidation.
broken out of ATH AVWAP resistance for the first time this week. $53 entry clears a full month of price action
LONG - SENTINEL ONE (S) - 1DDECISION PROCESS
Trend is progressive (exponential selling strength to target price level)
Strong selling exhaust (price is moving strongly with volumes)
Buying pressure (First buying signal appear on support levels)
Contradictory strength (Second buying signal (and confirmation of first one) appear with a buying volume candle)
TIPS
- If market is lateralizing and didn't took direction until the 61.8% extension of the last mouvement (red vertical dash), exit or target breakeven of the position need to be think of.
- On r/r=1 breakeven of the position need to be think of.
- When you trade stocks, always look at engulfing market (here NQ1!, ES1!). Take care of important economic news this week.
keep it on your Long watchlist!Overall trend Bullish
The correction could finish soon and it may start another bullish move soon!
Based on the previous behavior:
Bullish moves: 24-58%
Corrections: 16-30%
SentinelOne provides Endpoint Protection Platform solutions to optimally protect enterprises' internet-connected devices from cyber threats. The company benefits from an ongoing shift from legacy, on-premise offerings to cloud-based platforms that use machine learning and AI technology. SentinelOne is strongly positioned to compete with and displace legacy incumbents with its next-gen EPP offerings, including extended detection and response capabilities.
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
More detail will be published soon!
Best,
Moshkelgosha
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SentinelOne $S, recent IPO breakoutSentinelOne is a cybersecurity company with presence in the US, UK and Tel Aviv. Some of its clinets are Aston Martin, NASDAQ:JBLU , NASDAQ:ADSK and NYSE:FVRR . Its Price/Earnings ratio is negative but had a +120% change in sales from the last quarter. That's the kind of fundamentals I like to see on IPOs.
As is a recent IPO, its stock price is still too volatile. So, even though today's breakout respects all my BUY filters, I got in with half my position sizing. If tomorrow's price action follows through correctly, I'll but the rest. With a stop loss at $69.74, my target sell will be beyond $84.60. When the price crosses that target I'll adjust my stop to breakeven.
IBD Investors gives NYSE:S a 19 in its Industry Rank with a 94 RS rating.
$S pretty 9 buy$CRWD wannabe. I like the chart. Printed a 9 buy at previous resistance turned support, 0.786 retracement bounce. Has technical going for it. Another name that would benefit if the indexes bounce.
S Gap FillS has just breached its gap it had previously made in its daily chart. Its now under the moving averages, which will act as resistance pushing the price down further until it reaches its next level of support around $7.00.
