Amplitude: 2021 IPO Comeback Kid $AMPL $COIN $SNOWDoesn't look like there are many buyers for $AMPL, a peer of $COIN $SNOW 2020-2021 IPO cohorts, though business results look promising in the long-term.
I'd say anything above $10 is a good entry for this as a long-term tech stock that can outperform in future cycles.
Amplitude Inc (NASDAQ:AMPL)
The 8 analysts offering 12-month price forecasts for Amplitude Inc have a median target of $17.50, with a high estimate of 20.00 and a low estimate of 15.00 . The median estimate represents a +32.28% increase from the last price of 13.23.
In the chart above, I have 3 bullish scenarios. All 3 are negated if the price drops below $10
As of now, it looks like there's still a lot of post-IPO sell pressure and aside from price defense at $10 late this year, not much new insti investor interest.
"We're so early!" - Famous Last Words
Amplitude
Amplitude might be getting ready to breakout. Hello Friends!
Amplitude has declined by 70% from it’s highs. Back in February analyst had a price target of $40 and $60 for 2022. Currently is consolidating and a breakout can have its eye on two price targets.
Target#1: $27.50
Target #2: $33.00
After $33 a gap fill opportunity to $40 might be an option. But at this point, one step at a time.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
BNB: Breakout reaches = saves who can?In my first analysis on BINANCE COIN, I had highlighted the upside impact of the huge "hype" he received from 03-20-2018, on the announcement of BINANCE CHAIN + BINANCE DEX. And I made a connection with a similar new "hype" on the same ad renewed in late January 2019 by Changpeng Zhao (nicknamed CZ), the CEO of BINANCE.
Announcement made by chance by CZ breakout of the great falling wedge, that I put you today in evidence. Good game ! (unless everything is coincidental...)
As expected, result without appeal: Brutal pump for BNB particularly lucrative compared to other cryptos, who had more overall trouble in getting rid of their bearish trend of 2018.
But what I also highlight to you today is that the target of this breakout, calculated as usual on the Wedge's internal amplitude, has been reached in recent days at $ 20.
It seems to me difficult to go in the short term to higher ones. Worse, the correction now seems inevitable.
Because who says target reached for traders, says profit taking (TP)!