With the spectacular fall of 
CRWD last week I expect to be a decisive week for SentinelOne.
Scenario nr 1
Break out of the correction or for Bill O'Neill followers break out of the base.
Supporting evidence:
1. Fundamental. Better than expected earnings
The biggest competitor is having a terrible day
2. Rising MACD histogram on the weekly
3. MACD lines almost crossing
4. Force Index getting positive
5. Getting The Positive Direction Line above the Negative Directional Line will mean that the bullish traders dominate the market.
Scenario nr 2
Break out is not ready yet and we go back in the correction range evidenced on my graph by the parallel channel
Why?
Waiting for earnings confirmation?
Force Index above 0 is minor at this point a follow-up week will break the trend.
The stock needs to deal with the overhang supply. First hurdle, people who bought around the $22 price.
CRWD last week I expect to be a decisive week for SentinelOne.Scenario nr 1
Break out of the correction or for Bill O'Neill followers break out of the base.
Supporting evidence:
1. Fundamental. Better than expected earnings
The biggest competitor is having a terrible day
2. Rising MACD histogram on the weekly
3. MACD lines almost crossing
4. Force Index getting positive
5. Getting The Positive Direction Line above the Negative Directional Line will mean that the bullish traders dominate the market.
Scenario nr 2
Break out is not ready yet and we go back in the correction range evidenced on my graph by the parallel channel
Why?
Waiting for earnings confirmation?
Force Index above 0 is minor at this point a follow-up week will break the trend.
The stock needs to deal with the overhang supply. First hurdle, people who bought around the $22 price.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.