🔥HOT STOCKS: PYPL & ASANA - Like Monday.com but BETTER📉Hi Traders, Investors and Speculators of Charts📈
There are a few stocks on my immediate radar.
1) Asana - NYSE:ASAN
If you're working in a large, dynamic team you're probably using a workflow management tool like Monday.com ... or Asana.
Asana is a fantastic tool, I use it on a daily basis. It's easy to use, user-friendly and it has a wide range of easy-to-understand functionalities. BONUS - it has HUGE upside potential.
2) Paypal - NASDAQ:PYPL
Who doesn't know Paypal. PYPL has come a long way since inception, and it has improved exponentially from a user perspective experience. Paypal remains the nr1 choice for many people buying and selling online, as well as for many business. What does it have in common with Asana? - it has HUGE upside potential.
3) Alibaba - NYSE:BABA
Don't be hasty to buy just yet. Although Alibaba is still one of the biggest online retailers, Shein and Temu is starting to eat away at its market cap. For BABA, there is big upside potential but I am not convinced the price has bottomed just yet. When I spot a reliable bottom pattern, I'll accumulate a position and look for modest TP points.
4) Xiamoi - OTC:XIACF
Remember those cute little home camera's that let you watch your pet/child and even speak to them from anywhere in the world? Don't sleep on this one. AI automation, home security and... cars?
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Asana
ASAN Asana Options Ahead of EarningsIf you haven`t bought ASAN prior to the previous earnings:
Then analyzing the options chain and the chart patterns of ASAN Asana prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $1.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ASAN Asana Options Ahead of EarningsIf you haven`t bought the dip on ASAN:
Then Analyzing the options chain and the chart patterns of ASAN Asana prior to the earnings report this week,
I would consider purchasing the 22.50usd strike price at the money Calls with
an expiration date of 2023-12-8,
for a premium of approximately $1.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ASAN Asana Options Ahead of EarningsAfter the success of the past 2 earnings calls:
and
Now analyzing the options chain and the chart patterns of ASAN Asana prior to the earnings report this week,
I would consider purchasing the 25usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $1.42.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ASAN Asana Options Ahead of EarningsIf you haven`t bought ASAN here:
then Analyzing the options chain of ASAN Asana prior to the earnings report this week,
I would consider purchasing the $22.5 strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $2.42
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ASAN Asana Options Ahead of EarningsLooking at the ASAN Asana options chain ahead of earnings , I would buy the $17.5 strike price Calls with
2023-3-17 expiration date for about
$1.30 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Elliott Wave ClassicAsana demonstrates a classic Elliott wave analysis model.
There is a classic upward impulse and a correction in the form of an ABC zigzag, where B is triangle.
Now we have 5 wave upward impulse after the zigzag, which after ATH fell from the price of 145.3 to the level of 43.77, almost touching the strong support level of the top of wave .
I assume that ASAN can go to the 3rd wave with extension, but it's possible also get situation with more complicated correction in the form of WXY as double zigzag.
So, for a short-term trading there is a good opportunity to trade at least wave b of the zigzag as alt. scenario.
ASANA - Up! ASANAWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Revisiting ASAN short side bearish divergenceIn late June, I identified a bearish divergence and targeted the mid to low 50's. This clearly didn't come together, and quickly became a broken trade for a loss -- but what has remained is the same bearish divergence -- RSI making lower highs while the stock makes higher highs. And now we could be forming a rounded top. With earnings around the corner (sep 1?) I could see this consolidating and making it's move post earnings, but it seems to be very tired here. I'm taking another shot going short with a small position on the sep 80 puts; still targeting that 50 area.
ASAN LONG ON DIPSRevenue growth is very consistent, despite no acceleration during the pandemic lockdown, predictions for future revenue will continue to increase (86% YoY). As businesses begin to adapt towards remote work, project management tools like Asana are essential to productivity and organization. Similar to Docusign, Zoom, and various other stay at home stocks, Asana has solidified its market share in remote work.