Short Term Pain / Long Term Gains
The current short term outlook for DOMO doesn't appear to be great.
Taking a step back to look at the longer trend makes this chart a lot more bullish .
Two lines of curved resistance have been added to reinforce this idea.
Could plausibly roll into something like a Cup & Handle , but not enough information/confirmation to chart that.
Pivots have been added just because, although I've seen charts where that are more informative.
$10 is a significant price level so I added that.
It also appears to be relatively where the completion of this Bear Flag would be if it goes through on Opening Bell.
The demise of First Republic Bank perhaps would almost assuredly send it to this price range as well.
The overarching fear for the tech/startup space is no room for parking cash.
This could drastically disturb any noted trends here.
Yes, this is a repost, but for some reason the chart was blank until it was clicked on prior.
Tell me if I'm wrong. I don't mind.
Please don't ad hominem though.
DYOR/DYOC.
Taking a step back to look at the longer trend makes this chart a lot more bullish .
Two lines of curved resistance have been added to reinforce this idea.
Could plausibly roll into something like a Cup & Handle , but not enough information/confirmation to chart that.
Pivots have been added just because, although I've seen charts where that are more informative.
$10 is a significant price level so I added that.
It also appears to be relatively where the completion of this Bear Flag would be if it goes through on Opening Bell.
The demise of First Republic Bank perhaps would almost assuredly send it to this price range as well.
The overarching fear for the tech/startup space is no room for parking cash.
This could drastically disturb any noted trends here.
Yes, this is a repost, but for some reason the chart was blank until it was clicked on prior.
Tell me if I'm wrong. I don't mind.
Please don't ad hominem though.
DYOR/DYOC.
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