BUY VEEV Rising Wedge Breakout Pullback supportNYSE:VEEV Rising Wedge Breakout with pullback support on Upper Line with a Bullish TwinTower
VEEV trade ideas
$VEEV long entry swing trade set-up on a 4hVeeva Systems offering a nice set-up for a swing trade. I must admit I've been a bit of a shopping spree lately. Will be interesting re-visiting these over the next few days (or weeks).
VEEV- watchlistZacks Rank: 1-Strong Buy 1 Style Scores: F Value | C Growth | A Momentum | D VGM Industry Rank: Top 27%(68 out of 255) Industry: Internet - Software
Cap & Handle pattern / Retraceing back to breakout areaThe price retraced back to the breakout area (Cap & Handle Pattern), it's likely to bounce back.
Learning Wyckoff methodsPnF to the Vertical chart idea...https://www.tradingview.com/x/D8ouEtZC/
Disclaimer... not an investing /trading recommendation
Veeva Systems: One of my favourite stocks right nowI love it when fundamentals and technicals line up together. I am in general very bullish towards cloud-software companies, thats the future, especially when they have a footing in the pharma industry like veeva. This is a huge market and growing strongly year by year. The chart is a textbook bull flag. I am expecting a move into 80$ over the coming months. Longterm over the coming years we can also see prices above 100$. The only reasonable place to put a stop right now is below 50$. So do your own diligence and research, this is just my opinion towards this stock.
Fundamental analysis by Morgan Stanley:
Veeva Systems Inc
VEEV, a cloud-computing company focused on the pharma and life sciences industry, is an underpriced asset within the broader SaaS universe, according to Morgan Stanley.
The Analyst
Morgan Stanley analyst Stan Zlotsky upgraded Veeva Systems from Equal-weight to Overweight and increased the price target from $69 to $72.
The Thesis
Veeva Systems has durable growth — fueled by an expanding $17-billion total addressable market — and margin potential that is not being reflected in current trading levels, Zlotsky said in a Tuesday note. A conservative setup into 2019 offers scope for estimates and shares to move up, he said.
The company's best-in-class economics are likely to drive longer-term operating margin to 43 percent, representing the highest margin potential in Morgan Stanley's coverage universe, Zlotsky said.
"Veeva's above average sales efficiency and a disciplined go-to-market has enabled the company to simultaneously deliver strong revenue growth and greater than 30-percent operating margins today, well above the 18-percent average among more mature SaaS peers," the analyst said.
Morgan Stanley estimates 16-percent revenue growth on a CAGR basis to $1.7 billion and a 36-percent operating margin by calendar year 2023, resulting in free cash flow of $593 million.
With the 12-percent pullback in Veeva Systems shares since June 2017 compared to a 14-percent gain for the SaaS peer group, Morgan Stanley sees an attractive entry point to rebuild positions in the shares.
Falling wedge, stochastic divergenceQuick falling wedge with stochastic divergence could play out nicely here.
Buy 56.97
Target: 58.71 - 61.53
VEEV Support LVLI make stock analyses before the opening, these levels i draw are strong support/resistance and are the most powerfull on the same day. So i use them the moment when the market opens.
You can see somethimes i use 2 - 3 levels because i dont know where the market will open.
when the market open i see witch levels are still valid if it gaps above or under my level this one cannot used anymore.
If price come close to my level i place a limit order.
time frame i use are 5-10 min candles if price close right under or below the level with few penny's its of the table ! my risk reward ratio is 2:1 would be good to use trial these are scalp trades in high illiquidity market conditions !
VEEVThe stock shows good dynamics of growth and aspiration to new historical highs. Point of purchase 48-49 $ with a good volume
