DOMO Potentail Wyckoff AccumulationGreen is the Buy Zone for a potential reversal imo. Waiting for the RSI to be oversold and then let the Weekly and potential Daily Bull divergences play out.
Undervalued and liked by the insiders.
DOMO
Short Term Pain / Long Term GainsThe current short term outlook for DOMO doesn't appear to be great.
Taking a step back to look at the longer trend makes this chart a lot more bullish .
Two lines of curved resistance have been added to reinforce this idea.
Could plausibly roll into something like a Cup & Handle , but not enough information/confirmation to chart that.
Pivots have been added just because, although I've seen charts where that are more informative.
$10 is a significant price level so I added that.
It also appears to be relatively where the completion of this Bear Flag would be if it goes through on Opening Bell.
The demise of First Republic Bank perhaps would almost assuredly send it to this price range as well.
The overarching fear for the tech/startup space is no room for parking cash.
This could drastically disturb any noted trends here.
Yes, this is a repost, but for some reason the chart was blank until it was clicked on prior.
Tell me if I'm wrong. I don't mind.
Please don't ad hominem though.
DYOR/DYOC.
Short Term Pain / Long Term GainsThe current short term outlook for DOMO doesn't appear to be great.
Taking a step back to look at the longer trend makes this chart a lot more bullish.
Two lines of curved resistance have been added to reinforce this idea.
Could plausibly roll into something like a Cup & Handle, but not enough information/confirmation to chart that.
Pivots have been added just because, although I've seen charts where that are more informative.
$10 is a significant price level so I added that.
It also appears to be relatively where the completion of this Bear Flag would be if it goes through on Opening Bell.
The demise of First Republic Bank perhaps would almost assuredly send it to this price range as well.
The overarching fear for the tech/startup space is no room for parking cash.
This could drastically disturb any noted trends here.
Tell me if I'm wrong. I don't mind.
Please don't ad hominem though.
DYOR/DYOC.
DOMO - Drop before the Rise!-After a great rally to the resistance, Domo decided to take a breather.
-Now, after bleeding quite a bit, Domo is at a very close point to its support which is standing around 78-80.
-We expect it to drop a little bit more to the support before accelerating for another rise.
DOMO - Buy the Dip guys!-Domo remains on track to become free cash flow positive as it begins to win sizable mandates from large corporate customers.
-Accelerating digital transformation is driving demand for a business intelligence integration platform which Domo excels at.
-The current cash burn profile is not positive, but we believe this will improve in the short to medium term. We reiterate our bullish stance.
US Stock In Play: $DOMO (Domo Inc)$DOMO is currently playing out a staggered 3-step Stairway to Heaven chart pattern, via a combination from 3 series of successfully Bullish Flag chart pattern breakout in a short span of 15 days trading session. The breakout rally have $DOMO attained +75.78% gain in just two weeks, closing at an all time high of $66.99.
At the current junction, it is critical for $60.91 (the fill of window gap support) to hold during any immediate correction of this rally.
DOMODOMO breaking out after some consolidation. Earnings this week could push the stock back to its 2019 highs.
