DDOG trade ideas
A look at DataDog stock growth.Hello Traders
I've covered the potential of the strategy script I am using on stocks like Tesla and Apple and how the script presented early entry opportunities.
Working the W1 chart on those two stocks mentioned buy signals presented on both at stages in 2019 and have kicked on to some unreal gains.
But now its time to focus on some potential growth stocks. Here I talk about Datadog.
This stock year to date has grown 164% and the strategy I use presented a buy signal back in June which is when I entered this one in to my portfolio. Since then it has gone on to gain 15%. Still loads of potential growth and when working this time frame its all about long term growth.
For any more information on the strategy I utilize please drop me a message.
$DDOG Ready to Rally?$DDOG has been all over the place the last few months but it has manged to regain the 8 EMA the 10 SMA the 21 EMA and the 50 Day SMA. It is also comfortably above the 200. If it can push over $102.70 with some volume I'll likely open a starter position. IBD has a relative strength rating of 93 on this one too. There is plenty of negatives on this chart too (Chop). If triggered in I'll run a very tight stop and look to add on continued strength. On the fundamental side, $DDOG had a 61% sales growth rate last quarter but, that was down from 84% over the previous 3 years... Ideas, not investing / trading advice.
DDOG SHORT Good Risk/Reward = 4.32Another good one, although shorts are less likely to work in this market.
ABC BullishDDOG is hanging in there..there have been a few deep pull backs as of late..
The longer term moving averages are lined up correctly, the 100 is over the 200 and the 50 is over the 100, and tilting upward. The 20 is under the 50 and is flat...Ill feel a little safer when the 20 turns upward..
I see S at 94.75ish and at 92ish..then at long entry level as well as gaps below price. One looks like a break-away gap which is the least likely to fill in the short term. Ive noticed when a stock gets in to trouble later on and a deep pull back occurs, a break-away gap does come in to play..
NV and OBV are both high..short interest is a bit over 9%...weekly and monthly carndle remain dojis..
Practice does not always make perfect, it makes habits, or repetitive behavior, unless you are practicing the right things..
Not a recommendation
DDOG, Closed above 50MANASDAQ:DDOG closed above the 50MA and next pivot is 118.13. It has a good setup to give an approximate 16% profit.
Bullish consolidationDatadog is consolidating nicely up against the 100usd (ish) resistance. Forming higher lows on its way up. When it breaks there will be some profit taking again in the 116usd supply zone. Would be perfect if we will retest the 100 as support #SRFLIP and send Datadog to the moon afterwards!
Bit of a messy chart but at first I was looking for it to range but since I have seen consistantly higher lows I am chancing my bias.
Not financial advice, purely my technical analysis.
#Bullish
DDOG over 99.61ConThis has moved well and been a nice trade up from the 90s and looks to continue beyond the psych level of 100.Confluence at the fib and VPOC at the 103.50 area can serve as a first target, second above at 110.92.
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Key Levels on DDOG Found some supply levels today and an EOD push. Looking for continuation. Note that insider sold ~$1 Million worth of shares recently.
DDOG Narrow Dec Pivot Range
Narrow Pivot Range for December.
Watch for acceptance above pivot range & pml & pmc.
Buy Signal: 91.38Ingenuity Trading Model used in- Stock, Forex, Futures, and Crypto markets
The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
ABC BullishJust over entry level on Friday
There are no rising wedges in the yearly chart
Monthly and weekly candles are dojis so no help
Stop goes under C as a rule but I also see S at 82ish
Just an observation
ABC targets are calculated using the AB leg
$DDOG .786fib and trendline supportLooking for 84ish to hold, but has been respecting fibs and this trendline support. Good spot on the chart with some room to the upside and reasonably tight stop, good risk/reward
$DDOG to $120 by end of Januarylooks like the wave 4 retracement has bounced off the 618 level. The pitchfork shows lots of good reactions. Confluence of wave 5 and equal legs of pitchfork at 120-130 by end of Jan.
