0M2Q trade ideas
YEXT bullish GartleyHere's how I'm planning to trade the Gartley mentioned on Mitch Ray TA's YouTube stream (which is where I learned a lot of my trading strategy - check it out!). Thinking about dividing my risk evenly between these two trades. The first plays the lower low double bottom up to the PCZ of a Cypher. I might choose to stay in the trade if there is no divergence at that point, because the B leg of the Cypher is a bit too low. Also, given its context, it probably has a low probability of playing out.
YEXT drops on poor outlook. Its still not a bargain.COMPANY PROFILE
Yext, Inc. is an emerging growth company engages in software development. It offers a cloud-based digital knowledge platform, which allows businesses manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp. It offers the Yext Knowledge Engine package on subscription basis, which has an access to Listings, Pages, Reviews and other features. The Listing feature provides customers with control over their digital presence, including their location and other related attributes published on the used third-party applications. The Pages feature allows customers to establish landing pages on their own websites and to manage digital content on those sites, including calls to action. The Reviews presence enables customers to encourage and facilitate reviews from end consumers. The company was founded by Howard Lerman, Brent Metz, and Brian Distelburger in 2006 and is headquartered in New York, NY.
YEXT 15 RRR longTrading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
$YEXT INDICATIONS SIGNAL A POSITIVE MOVE POST EARNINGS Unfortunately NYSE:YEXT will release earnings in the middle of a sell off, but we are confident that earnings will surprise to the upside, the stock gains will probably be hampered by market sentiment. Yext has become more appealing to the analysts community, SunTrust analysts Naved Khan yesterday reiterated a Buy rating and a $30 target, he wrote “We expect Yext’s to report strong 1Q results, in line with Street expectations when the company reports on 5/30 (post-close). We expect these results to be driven by continued enterprise sales momentum and early but growing focus on sales to mid-size customers. A spate of recent announcements around office space and workforce expansion and senior mgt. hires suggest solid momentum in the business and we expect this to be supported by key metrics and mgt’s commentary.”
From a technical perspective the chart is quite strong and in a consolidating pattern ready to move higher. Indicators are positive and buy volume has dominated since the previous earnings report.
SHORT INTEREST 8.8%
AVERAGE ANALYSTS ESTIMATE $24.13
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
COMPANY PROFILE
Yext, Inc. is an emerging growth company engages in software development. It offers a cloud-based digital knowledge platform, which allows businesses manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp. It offers the Yext Knowledge Engine package on subscription basis, which has an access to Listings, Pages, Reviews and other features. The Listing feature provides customers with control over their digital presence, including their location and other related attributes published on the used third-party applications. The Pages feature allows customers to establish landing pages on their own websites and to manage digital content on those sites, including calls to action. The Reviews presence enables customers to encourage and facilitate reviews from end consumers.
YEXT PAKCIK SAHAMYEXT is uptrend counter need more patient to get better result.
My TA criteria
Now price is consolidated at descending wage pattern.
Buy On Breakout Entry when breakout this pattern. Cut loss if below 23.7 or below EMA 50,
or Buy On dip if price f
1. Reversal candle appear
2. stochastic oversold
3. Retrace at Fibo 38.2 or 61.8%
4. Between EMA line
My FA criteria
1. EPS growth current Qtr compare last 2 Qtr
2. EV/ EBITDA < 8= ( 29/9/18) EV/EBITDA
3.Net Profit improve NP
4. EBIT
I've lost faith in the crypto market.. Crypto is in a bear market until I dont know when so until it becomes bullish im going to stick with stocks which I do have more faith in at the moment. This one I believe will continue to break out to new highs because a 52 day high is rarely a bearish sign. But we'll see.
