Falling Wedge - BreakoutDDOG starting to look quite nice here as buyers are starting to step in so long that the broader markets don't pullback. DDOG has been holding a big falling wedge for quite some time, getting rejected by the 20-day SMA, however will be keeping a close eye on DDOG with buyer volume starting to increase relative to seller volume. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime
**(See Attached PT's &Charts Below)**
Daily Timeframe
- Bullish Hidden Divergence on the RSI
- Falling Wedge
- Bollinger Bands Squeezing
4-Hour Timeframe
- Bollinger Bands Squeezing
- Falling Wedge
- Bullish Gartley Harmonic Pattern
PT1- $89.90
PT2- $95.37
PT3- $99.34
PT4- $103.39+
DDOG trade ideas
#DDOG long ideaHello dear Traders,
Here is my idea for #DDOG
Wait for daily close above the yellow trigger line (previous month high) to enter trade.
We try to anticipate a 2-2 bullish reversal in the weekly chart
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
Bearish Nen-StarThis is also in a large Descending Triangle and price is currently in a Rectangle. Both of these patterns are neutral until a trendline is broken.
A Nen-Star (crooked W drawn with white lines) is similar to a Shark or a Cypher pattern but the final leg should terminate close to the 1.272.
Valley 2 is lower than valley 1.
Targets above structures are possible only if DDOG breaks some hard resistance. This does not look likely but I never say never.
Possible targets (orange type) for the Nen-Star pattern are also on the chart and targets in orange below the structures are for a break of support.
No recommendation
7/10/22 DDOGDatadog, Inc. ( NASDAQ:DDOG )
Sector: Technology Services (Packaged Software)
Market Capitalization: $34.113B
Current Price: $108.29
Breakout price: $110.90
Buy Zone (Top/Bottom Range): $103.80-$90.40
Price Target: $116.60-$118.70 (1st), $147.20-$149.90 (2nd)
Estimated Duration to Target: 48-52d (1st), 149-157d (2nd)
Contract of Interest: $DDOG 8/19/22 115c, $DDOG 12/16/22 110c
Trade price as of publish date: $9.20/contract, $20.30/contract
Datadog, Inc 80% Decline UnderwayDatadog is an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform.
Annual Revenue:
Datadog revenue for the twelve months ending March 31, 2022, was $1.193B, a 77.9% increase year-over-year. Datadog annual revenue for 2021 was $1.029B, a 70.48% increase from 2020. Datadog annual revenue for 2020 was $0.603B, a 66.34% increase from 2019.
Annual Net Income:
Datadog annual net income for 2021 was $-0.021B, a 15.49% decline from 2020. Datadog annual net income for 2020 was $-0.025B, a 46.9% increase from 2019. Datadog annual net income for 2019 was $-0.017B, a 55.27% increase from 2018.
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Walk The DDOG Long With Your Head & ShouldersA head and shoulders pattern on DataDog Inc. (DDOG) was identified on the daily chart.
The approximate measurement from neckline to head is approximately 60.80. We can see a projected move to 234.84!
I will make an entry at the break of the neckline. However, it fails to break the neckline, my analysis won't be valid. Head and shoulders on three.
What I meant so say is, "Head and shoulders on DDOG!"
DDOG!
Al
*This is not financial advice.
Descending TriangleEarnings 5-5-22 before market opens.
DDOG usually pops up on earnings. We just have not seen much "popping" as of late except to the downside.
Valuation is high on DDOG with a PE of 233ish. The market has no been kind to stocks with high valuations as of late. If their earnings numbers are astronomical, then who knows?
No recommendation
52 Week Range
69.73
199.68
Day Range
114.42
121.17
EPS (FWD)
0.51
PE (FWD)
233.66
Div Rate (FWD)
-
Yield (FWD)
-
Short Interest
3.89%
Market Cap
$38.04B
It is often dark before it is pitch dark )o;