SVMK
SVMK - Potential Double Top short setupGood selling in February and through to recently in June. On my watch list for a break below 19.97
SVMK INC - NASDAQ: $SVMK Working On Its Right SideAfter coming public in September 2018, SVMK INC - NASDAQ:SVMK found the footing a bit shaky initially and struggled out of the gate until we witnessed a turn of the tide this past March, where the stock started to regain its balance and has since began the process of basing and working on its right side as evidenced in the Daily chart above.
Additionally, we can also observe that SVMK now finds itself trading above all of its important moving averages 20/50/200 DMA's, which bodes well from a technical standpoint.
While further work remains, both investors/traders may want to continue to monitor the action in SVMK in the days/weeks ahead.
In particular, should SVMK be capable of going topside of the $18.50 figure, such development, should it materialize, would likely suggest that its basing process is complete and likely trigger its next advance into higher ground.
Thus, both investors/traders may want to put SVMK front-and-center on their radars for further monitoring anticipating a potential resolution of its current basing pattern.
High Flying Momentum Stock Just Getting Started Today!High Flying Momentum Stock Just Getting Started Today!
$18 is the next target within a couple of days then $19.60 for a double top.
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Two Price targets on the way to being reached - mega double topUsing simple price patterns and fib extensions we get two targets wit juicy gains.
This is much like my NIO 21.7% trade
and also like ROKU 18% trade
