NTAP | Informative before the ER
NTAP Based on my observations, the stock has been consolidating within the orange box since the last earnings report up to now. In the coming days, it could move either up or down within this defined range. Personally, I expect a bullish price movement towards the $92 area, potentially forming a double top before the earnings announcement. Moreover, according to Elliott Wave Theory, it's likely that after the earnings, the price could drop back to the previous key level at $75. The chart suggests that the stock could move in either direction. If I were in a position, I'd prefer to be in cash. However, if it breaches the $92 mark, it could swiftly move to an all-time high (ATH). Therefore, the upcoming earnings announcement will be crucial in determining the direction.
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