Veeva Systems with a neutral to bullish move expected$VEEV continues its Neutral to bullish move trading close the median line, trading well within the boundaries of the projected PEAD Cone.
0LO3 trade ideas
$VEEV (DAILY) - Cup Breakout$VEEV (DAILY)
Awaiting Cup breakout as on 1st Sept 2020 till 8th Oct 2020
Possibility of formation of handle till 9 day EMA @ 282.29
Buy above high of 298.76 being height of cup supported by pivot on 2nd Sept 2020
Target Height of cup for $43 move
OR
Target 2*ATR for $19 dollar move
RSI > 60
9 day EMA > 21 day EMA > 50 day MA
Veeva Systems - Medium term trend reversal - going higherVeev is a cloud computing company for biotechs that is on a tear. after jumping up massively in past year, Veev has consolidated and fallen slightly.
Please see RSI and MACD trends and relate them to previous trends in boxes. Veev looks to be going higher in the coming months. I'm in at $150 and will keep updated
Veev longHere is an easy ta for Veev long:
Costumer ordered this ta for option play.
Veev stock is in up-trend. Last ER confirmed this bullush up-trend as you can see by bullish engulfing + hammer.
Indicators:
BB: Trend is at upper-band, pullack, up-trend
RSI: Overbought crossing, little pullback
MACD: Overbought, up-trend confirmed (crossing), pullback
200 day SMA: Wide above, bullish (near by 61 % Fib)
50 day SMA: trend is above, bullish signal
20 day SMA: trend is above, bullish signal
volume: no Signal
So, you can use these SMA´s for supports on pullbacks.
Fib. retracement you can use as well for bigger corrections.
Good luck for your trading :)
Veeva Systems: Another Software Stock Tries to MoveOne software stock after another has come to life and ripped higher in the last few months. Salesforce.com , Alteryx , ServiceNow , Trade Desk , Adobe : the list goes on.
VEEV is another member of the group that's now trying to make its move. It's formed a broad basing pattern since last autumn. That followed a 100 percent move between early 2018 and mid-2018… which followed a 200 percent move in the two years before that.
VEEV is a "classic growth stock," going from small-cap to mid-cap to large-cap as its business expands. Growth stocks like this have been the cornerstone of the rally for years, and there's little sign of that changing.
VEEV is now trying to get back above its 200-day simple moving average (SMA). It resembles Amazon.com earlier this month and PayPal in December.
VEEV also just bounced at the same $148.50 zone that was previously resistance. Traders might expect a few more sessions of consolidation but also watch for continuation higher -- especially with earnings due in 3-4 weeks.
Speaking of earnings, VEEV has a history of surprising to the upside. Last quarter, it tried to rally before getting smacked lower. But now it's had time to consolidate and turn its 100-day SMA higher. Notice it's given useful signals in the past. (This chart below uses our Colored Moving Averages script to highlight direction of the 100-day SMA. In the dynamic chart above the 100-day SMA is gray.)
