Buy NetApp Inc (NTAP)Hi Traders
I bring you my stock pick of the day
NTAP
On chart I have provided two lines, one for stop and one for exit.
Thank you
0K6F trade ideas
$NTAP with a bullish outlook after earnings release$NTAP released its earning release with a positive under reaction with the PEAD projecting a bullish outlook for the stock placing it in Drift A
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NTAP GAP Fill ReversalNTAP just reported earnings and has run up and filled a previous gap in its chart. It may run to the top of the range to 61, then reverse. Typically after a gap fills, the is a strong trend reversal. Looking for this to go back to 57. If it does break above the range at 61.4, then i'll exit this trade because the setup will be void at that point.
2 year bull flag on NTAPSo this is my first idea and I know it looks like shit but like I said its my first time and I just wanted to get the idea out to the community as fast as possible because earnings are right around the corner. I will be buying calls on this one because I believe it has the potential to go back to the highs from 2000 which was around 120 dollars. So the measured move for this giant cup and handle pattern is around 120 as well....take it for what it is. I believe earnings could be the catalyst for this to breakout of the massive 2 year bullflag and start trending higher or it will possible collapse back to recent lows and double bottom. I am not sure so I will be buying longer dated calls or I might just buy calls for the earnings play and not invest in the longer dated calls.....the 2 year handle is warranted since the cup itself is so massive being that it took 7 years itself to be made. Anyway, good luck to us. If someone sees this and responds I might leave some details on how I am trading this. I wouldn't mind buying some June or July calls on this one. Also keep in mind seasonality for NTAP is kind of shit until the beginning of August. February and April tend be positive months for NTAP
