PI. H&S. Possible short candidate.On weekly and daily H&S formed. Close below neck line will be possible entry for sell.
Price can also move upward to the 20MA and reject on it back to the neck line.
One should notice that on 4H chart the neck line area is close to 200MA - that is strong support area and price can reverse from that area.
Keep watching.
Not an recommendation, just an observation.
0J9J trade ideas
BUY to IMPINJ DailyHey my friends, IMPINJ is in a bullish configuration with strong buy volume issued and shadow cast of buyers. Looking at the TIMEFRAME M1 one can observe a bull dash with a low volume of past purchase. There is a good chance of breaking the TREND BASED FIBONACCI EXTENSION in force to join the last highest two resisatance to pass on (TIMEFRAME H4). We find the third resistance and on the TIMEFRAME H1 it is placed below.
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$PI can fall in the next daysContextual immersion trading strategy idea.
Impinj, Inc. operates a platform that enables wireless connectivity to various everyday items to business and consumer applications.
The share price fell after bad earnings.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $22,91;
stop-loss — $24,44.
Information about take-profits will be later.
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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IMPINJ $PI$PI is just below the buy point. It did a very good volume yesterday. RSI broke the trendline as well. Watch for a breakout of $29.95
12 months Consensus Price Target: $32.67
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
$PI MASSIVE UPSIDE POTENTIAL IN IMPINJPI recently reported fantastic earnings and provided guidance that shocked the market, producing a 21% jump. The stock is now consolidating and we anticipate much greater gains in the next three quarters. By looking at the volume profile it is clear that funds and institutional investors have latched onto this train.
Results
Impinj (NASDAQ:PI): Q1 Non-GAAP EPS of -$0.11 beats by $0.15; GAAP EPS of -$0.33.
Revenue of $33.1M (+31.9% Y/Y) beats by $2.02M.
Upside Q2 guidance has revenue from $34M to $36M (consensus: $33M) and EPS from -$0.11 to -$0.04 (consensus: -$0.19).
Company Description
IImpinj, Inc. engages in the development and sale of RAIN, a radio frequency identification solution. Its platform allows inventory management, patient safety, asset tracking and item authentication for the retail, healthcare, supply chain & logistics, hospitality, food & beverage and industrial manufacturing industries.
PI closed right over 53 support, hold here or retest 46.7?PI rejected off of 60 resistance, went thru 55.45 support (which will now likely be resistance) to retest 53 support level...guessing it'll test around here and lower to the 46.7 level and maybe even lower given recent downgrade, tech selloff & coming holiday before settling around lower support levels til next earnings. I sold July 45 puts for .75 - $75/contract pocketed or shares @ 44.25 recommend anyone seeking to enter/add do the same - solid long!