DDOG uptrendBeautiful chart. ready to retest two resistance levels, including at, and then test 120 psychological level. Happy trading!
DDOG trade ideas
DDOG BUY OR LONG , TARGET $145DDOG Confirm a "Cup And Handle " with buy point around $108-109 area.
DDOG buy : $108
DDOG target : $145 = pattern height.
DDOG stop loss : ($101 or min $105) .
Wish you good deals!
DDOG Consolidating in RangeI'd love to see DDOG break out of this trend and up to the previous highs, support at 102, resist above 109.
DDOG to 120?DDOG - Currently in a a flat correction and looking for a breakout of the triangle to retest ath. With earnings approaching (mid February) we could see a nice run up to retest ATH. This company has shown strong growth and has generated great returns since its IPO in 2019, nearly quadrupling it's IPO price in 2020. DDOG reported a 61% increase in revenue for Q3 and an outlook of a 62% increase in the year of 2020. Trading Plan annotated in the chart.
Options Ideas
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110 C 1/29 (High risk: High reward) day trade option
120C C 2/12 (Medium Risk: High Reward) High OI
Datadog: active goal in the 141$ level
Another bullish stock. Right now has an active goal in the 141$ level by Fibonacci. Also the stock is making a triangle that can be broken upwards defining the same goal as Fibonacci. Stock bullish anyway.
DDOG | The Dog likes Ascending TrianglesIf I have learnt anything about DDOG over the past year or so, it's that it likes Ascending Triangle set-ups and big breakouts.
I know past performance is not an indicator of future prices but consider the following:
- DDOG has reacted consistently positively to past ERs - upcoming ER should be no different, and can help us break out of the current Ascending Triangle
- RSI is improving after weakness in November 2020
- We can see an "accumulation" range of volume over the past month or so
I don't really have a specific trade set-up here since this has been a Buy and Hold position for me over the past year or so.
I won't be looking to exit the position anytime soon, even if the ~$138 PT* is hit. For the pure traders out there, DDOG has usually found resistance at 1.68 Fib extensions.
*(PT is a function of 1.68 Fib extension, which is surprisingly similar to the magnitude of the previous pop in early October)
Any thoughts?
Thanks and Good Luck!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Symmetrical TriangleCan break up or down..
The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. Price move between 2 converging trendlines that slop in opposite directions. Volume often recedes during triangle formartion.
In order to qualify as a continuation pattern, an established trend (at least a few months old) should exist. The symmetrical triangle can extend for a few weeks or many months. If the pattern is less than 3 weeks, it is usually considered a pennant. Typically, the time duration is about 3 months.
The future direction of the breakout can only be determined after the break has occurred. Sounds obvious enough, but attempting to guess the direction of the breakout can be dangerous. Even though a continuation pattern is supposed to breakout in the direction of the long-term trend, this is not always the case.
After the breakout (up or down), the apex can turn into future support or resistance. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout.
Patterns with heavy breakout volume often perform best..
Just an observation
ABC BullishPossible stop under C.
A= 79.76
B=111.49
AB Leg=34.73
Targets calculated using AB leg length.
Long entry when price breaks the BC leg with an uptrend..
C can not go below A..
Not a recommendation
DDOG Symmetrical TriangleNice symmetrical triangle on the weekly chart. If we break up out of the triangle, my targets are $108.69, $118.64, $131.28, and finally, $147.36.
If the pattern breaks down, I'd short below $90 down to the low $70's.
$DDOG Long term analysis: 200+ by EoY 2021DDOG looks to be in a 1-2-1-2-1-2 setup, getting ready to launch.
Targets are $140, $155 and $185 by mid to late summer (june to july)
Stay tunnedThe chart says it all. Long and forget.
Maybe I got lucky the first time (link: ) I guess we'll find out soon
𝗡𝗲𝘄 𝗖𝗵𝗮𝗿𝘁: $DDOG Daily. Bouncing from Long-term TLBouncing from long-term TL with RSI turning back up. Above $100 and could see a nice run for a Wave 3
$QQQ $SPY #Trading #ElliotWave #DataDog 🐶
DDOG ChannelIf Datadog continues in this channel, it will retest resistance at $110, and either be rejected or go for new ATH's. The previous times it has entered the lower side of the bollinger band, it was sharply bought back. Expecting that within the next few days, if not, then I will be selling if it falls past channel support.
DDOG wave 3 comingDDOG wave 1-5 reached, followed by an ABC correction...
now with a new wave 1 and 2 formed...great time to buy in for the ride up on wave 3
not financial advice
$DDOG coming closeCan give you better entry to get in. Start with small here and add more when it comes to your price
DDOG over 103.80We've traded this recently and its bounced around in the 94-102 area but has shown strength in pushing up and out of that level. This could be traded over the psych level of 100, but looks to make a huge breakout over 103.80.
