0KSA trade ideas
Update on PSTG fibonacci and entryPSTG was able to break a strong resistance with the recent earnings report. I have been bullish for a while on PSTG, and continue to be so. However, I expect a pullback to the fibonacci support before entries look good. This bull trend can easily continue, and fibs are the best way to play it imo.
Make sure to check out my post on NTNX for a similar long-term pattern.
I am not a financial advisor, and everything stated is my opinion. Trade carefully.
Zone to watch on PSTGPSTG has coming into a key level. I would expect a pull back here as traders take profits. Look for price to hold the shaded box and break out. If it breaks out right away I would prefer to take it on a retest of the breakout zone as this has pushed up quite hard and probably needs some time to consolidate.
PSTG daily chart with fib retracementTrending up on all indicators:
200MA
9EMA
Stochastic RSI
MACD
Squeeze
But trending up on the biggest indicator of all - The ARK indicator. They are loading up on this company.
Im trying to figure out how I want to play this - I have some commons in my long term, but I like the look of some of the 02-19 and 03-19 calls.
Adding dips and holding on for the run.
Descending triangle on $PSTG It breaks out of the upper trend-line however, these patterns are popular and nasty when it fails so please be careful and play with small size until you master it , every pattern needs years to master YES years i mean it . Once you stay around for couple of years you will understand what i said .
$PSTG - PSTG30 - RED ALERT - 1/23/2021Friends, I come to you with a RED ALERT
- Company with disruptor tech only understood by software engineers (Kubernetes)
- Similar to $PLTR ranged for a month+ in a bull flag
- Currently on 5th try at breaking the resistance of wedge (PLTR broke out on 5th try)
- Tech season, many other accumulated tech companies breaking out with political unrest settled
*** 85% Institutional Ownership ***
*** 58 Hedge Funds currently holding ***
*** ARK, aka Cathie Wood is the 7th largest shareholder, owning 37,502,384 shares, valued at $861.80m. This amounts to 10.7% ownership of the company!!! ***
*** Chamath's Social Capital is behind this as well. In fact EVERY investment bank and fund is in this. ***
This will EXPLODE! This is a RED ALERT
Bull flag formed for PSTGBull flag formed for PSTG, MACD goes up, waiting for more confirmation and a bit more volume. I expect it to go up at the end of this month.
p.s. it is just an idea and it may be wrong. Make your own investigation before investing, choose your position size wisely and don't forget about stoploss :)
Ready for $28.This has been consolidating at these levels around the "handle" portion of a massive cup. Recent M&A rumors have been circulating and we've observed unusual call buying activity. The fibonacci extension is indicating that a probably next leg up target is around the $28. We remain highly bullish.