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$SPLK - SPLUNK INC // LONG

By lordbr
Updated
SPLK had a disappointed Q3; however, after a couple of days of sell off and multiple downgrades, the 0.5FIB Level remains as a strong support. Currently oversold. While revenues dropped 11%, cloud ARR grew 71%. This segment should be the top source of revenue down the road.
Stop-loss and targets are given in the chart.
Trade closed: stop reached
Trend Analysis
lordbr

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