SimplyCash

SimplyCash Updated 

Parallel channel and Fib extension says it all - first price target $547, second price target: $600.

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If the 0.768 fib extension acts as a support $250.29, it could be the fresh start of impulse wave #5.

SimplyCash Updated 

We could see a reversal here - a second bullish candle with a higher higher and lows will support a reversal thesis. On Watch.

SimplyCash Updated 

Big pullback on many things - China regulations, ANT IPO confusion, etc. The name has a lot more upside in the Cloud growth and e-commerce story. The ANT IPO, if it goes through, will be the icing on the cake. Entry Target: $250

SimplyCash Updated 

Trade is active - the recent vaccine news will be short-lived. Target Price - $158

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DDOG was part of the Covid WFH pump and its valuation reached unreasonable altitudes. Conservative downside to $73.68. Potential H&S pattern.

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A conservative price target is around the $22-25 price range, still well below the ATH around $33. This is a growth stock and could see many potential catalysts ahead to initiate bullish momentum now that bad news is behind us.

SimplyCash Updated 

The trend is your friend. Macroeconomic headwinds with uncertainty about inflation and the USD losing more value. Negative interest rates are around the corner. Greater adoption by institutions. Is it still a Tulip Bubble? I think not.

SimplyCash Updated 

Found support on the daily trend line. $13.70 was defended strongly by the bulls.

SimplyCash Updated 

The chart is indicating a quad bottom support around $74 and some buyers have showed up to defend this critical support. The upside is the gap fill all the way up to $120. Good risk/reward opportunity with tight stop losses.

SimplyCash Updated 

If the Elliot impulse wave pans out - we could be look at a $40-50 price target by EOY

SimplyCash Updated 

It appears that this name is now moving based on technicals - I have outlined a possible impulse ABC correction scenario as we've seemed to have recently finished wave 5 of the Elliott Impulse. Fib retracement supports have been plotted to show possible retracement support levels.

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Plotted some possible trend support lines for two potential major support lines. Macroeconomic headwinds will determine the ultimate path.

SimplyCash Updated 

The daily chart is indicating more consolidation to form a bullish pennant. Historically, this pattern has repeated in the form of repeating "steps" of consolidation and breaking out to go higher. Next is $33.94 at the 1.619 FIB extension.

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Lots of insider selling, probably needs more dilution for R&D and growth. Short-term very bearish, long term bullish.

SimplyCash Updated 

Closed above the previous daily resistance of $100.77 - approach next fib extension to $114 area. Strong and long on this bullish flag break out.

SimplyCash Updated 

Guidance for Q3 2020 revenue was cut to $70 million from $73 million. This ran up way too fast and was extremely overvalued. The street is now giving it a nice haircut. Technicals indicate that this may be headed to the 50% fib retracement at $73.53.

SimplyCash Updated 

If the much anticipated contract award is not announced tomorrow, could expect a re-test of the 50 EMA support around the $21.54 as soon as this week.