GTLB trade ideas
Long Gitlab from $31,50 (Industry insider) - multi month tradeMy first trade of the year, picked up some shares a few weeks back. Looking for fibonacci targets. As a industry insider, I experience the force behind this stock on a daily basis. Gitlab is entering key technical maturity. Pay attention…
GitLab staggering. GTLBWe 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 purple 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
5/4/2022 NASDAQ (GTLB)Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $59.10 / $57.16
Target Price: $62.40 / $60.75
Stop Loss: $53.53
30/3/2022 NASDAQ (GTLB)Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $58.08 / $55.23
Target Price: $61.45 / $58.15
Stop Loss: $52.30
GTLB fantastic stock for longHey folks, here is another great stock for long! It's a very strong stock and looks bullish for breakout!
GTLB is on bottom of the channelGitlab, the DevOps oriented IT company
53 is the target, closing the day below the channel is stop
$GTLB 135.65??
This chart shows an up-trend with good volume, breaking the down-trend.
The strong support level at 20MA and 50MA.
Fundamentally, GTLB revenue grew by 64.5% over the past year. BUY!
Watch for short squeeze on this softieWatch for a move above the marked trend line. Over 60% short interest is an excellent candidate for squeeze. Wait and watch NASDAQ:GTLB
$GTLB - Morning Star Signals Possible End of Downtrend$GTLB shows a Morning Star candlestick pattern after a long downtrend. This occurred after an apparent breakout of the current leg of the downtrend.
RSI is highest it's been since Nov 2021. MACD is curling. Volume is relatively higher than average, but I'd prefer to see it much higher to boost confidence.
Price has surpassed one level of resistance, but want to see it break and hold $74.00 before committing to going long.
I don't normally trade this setup, and am not convinced the price movement wasn't in sympathy with other Packaged Software companies. Worth watching next week.
Always practice risk management.
$GTLB confirmed a BUY$GTLB broke the wedge to above and technically this could be the first entry with a tight SL below today's LOD (Low Of Day)
GITLAB is overvaluedFundamentals:
- has massive competitors such as Microsoft (MSFT), Amazon (AMZN), Oracle (ORCL), International Business Machines (IBM), and Atlassian Corp (TEAM)such as Microsoft (MSFT), Amazon (AMZN), Oracle (ORCL), International Business Machines (IBM), and Atlassian Corp (TEAM)
- competitors are all profitable; Gitlab is not.
- Gitlab's NOPAT Margin is -141% and ROIC is -76% .
- As of June 2021, GitLab had 30 million free users with just 15,356 paying users . GitLab has converted less than 1% of its user base.
- 13.65 Billion Marketcap is definitely ways too high
- 2 Analysts lowered their pricetargets for Gitlab after they released their earnings on 6th December. JP Morgan gave GTLB an neutral rating at 99$
Technical Analysis:
- looks like its bear-flagging: rising on very low volume. The long wicked candles reinforced the assumption.
- got rejected 2 times at 97$ resistance area in the last 2 days. Buyers losing momentum.
$GTLB is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $94,37;
stop-loss — $90,98;
take-profit — $104,54/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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