Buy Descartes Systems GroupShort Term Trading Advice by Naranj Capital
Buy Descartes Systems Group
● Buy Range- 101 - 103
● Target- 108 - 110
● StopLoss- 99
● Potential Return- 6-7%
● Duration- 12-14 Trading Days
DSG/N trade ideas
09/07 - DSGX Earnings Review- Large areas of supply at current price from prior trough may compress price following tonight’s earnings.
- 200 SMA enveloping price from above.
- Fundamentally priced to perfection and will need to revise up to prevent price decline
- Targeting a move to $63 post earnings
The Descartes Systems Group, Inc.The Descartes Systems Group, Inc. engages in the provision of logistics technology solutions. It provides cloud-based solutions including modular and software-as-a-service to route, schedule, track, and measure delivery resources; plan, allocate and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; file customs and security documents for imports and exports; research and perform trade tariff and duty calculations and other logistics processes.
VCP in a base on DSGXits my favourite pattern especially in a base on a stock that has a comp 95+
the last squeeze has offered a 6% risk for an entry, which is a sweetspot.
Main concern is that the market is a bit extended and could trigger and retreat right away...
$DSGX Shorter Base but Nice Pivot$DSGX is a shorter base with less than 2 months in length but showing good VCP characteristics and showing Earning, Sales and Margin acceleration in recent quarters. That pivot looks good.
DSH possible breakoutIt tried to break through resistance 6 times over the last few months. It did break though in August but it didn't on the MFI. This time and for the first time since July, we can see a breakout on the MFI, suggesting the price might break resistance too. I'll wait for a close above resistance before to buy.
DSGX Expect move down after earningsThis is based on my dowsing and I'm journaling these for practice.
I don't know this stock and haven't looked at the chart prior to performing my dowsing reading.
I expect a move down with new lows and get a move down of 13%.
We'll see!
DSGX SpreadDescartes Global Systems Group is facing a slowing growth trajectory that may play out for the next few weeks.
$DSGX Breakout Trade The Descartes Systems Group, Inc. engages in the provision of logistics technology solutions. It provides cloud-based solutions including modular and software-as-a-service to route, schedule, track, and measure delivery resources; plan, allocate and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; file customs and security documents for imports and exports; research and perform trade tariff and duty calculations and other logistics processes. The company was founded on May 22, 1981 and is headquartered in Waterloo, Canada.
Breakout re-test Long idea for DSGXThis is my first stock trade idea. I will try to post at least one stock idea per week and at least one FX idea per week. I will briefly share my philosophy on stocks. We want to follow the what the general market is doing. I look to the S&P 500 as my general guide. Right now are in an uptrend, so we want all our stock trades to the long side. Next, we want to focus on the strongest sectors. Technology has been recently out-performing the index, so we want to look for a stock in that sector. Next, we want to narrow our search down to the industry. The software industry has been outperforming the Tech sector. Finally, this particular stock has been out-performing it's own industry, which makes it a candidate for trading. Now we need our charts to give us a valid entry signal. This one will go on our watch list as the price is still moving up. We want to try and get in if it retraces back to test support, so we will set an alert on our platform to let us know if price comes back. For stock trades, I recommend limiting the allocation of each position to about 6-8% conservatively, and no more than 10% if you are aggressive. Since we will hold through earnings and news, etc., we want to limit the chances of one position having a huge impact on our portfolio if we get a bad price gap. As far as the risk per trade, I recommend no more than 1 or 2%. Note that if industry strength tapers off by the time we get a signal, we should cancel this idea, so watch for both price and industry performance as industry has a huge impact on stock moves. It's up to you on whether you want to use a hard stop loss or mental one, but there are obviously pros and cons to each method.
