BIGC trade ideas
Inverse H&S pattern forming!!have been accumulating BigC near IPO prices. Expecting a run back to $150 by 2021. the technicals shows a IHS in play.
$BIGC | Bull Flag: Watch For A BreakoutPrice is consolidating within a bullish flag.
Watch for a breakout to the upside
BIGC downtrend brekaoutBIGC on watch for a breakout.
new demand zone formed just below 70 and BIGC just had a strong trading day, attempting to break out from the downtrend.
MACD green bar is a good indicator.
Enter play after a breakout confirmed by volume, PT1 $78 on fib0.5 and PT2 at $86 for a full recovery.
BIGC Long ideatested support 3 times
low volume price action to wash out weak hands
engulfing candle
suggest reverse of trend, possible W shape bottom
RRR: 2.7
PT: 109
SL: 63.55
RRR: 4.9
PT: 136
SL: 63.55
Oversold, price action getting tighterBreak of trend line would confirm. Some minor support/resistance levels shown in addition to the fib retracement.
we might be looking on a double bottem ?we can see a strong price bounce from ~72$
i think we might be looking at big bounce next time
also many institutional holders got in with big positon
im very bulish on BIGC
what do you think?
BIGC looking like itll have another $30 rally soonLooking at the Day Chart you can see that its pretty clear that BIGC might retouch the $70 level
Once it does that i do think that well bounce off that AS LONG AS THE MACD TURNS DIRECTION
You can also see that the last time we had the Mom indicator at these levels it was the start of the bull reversal that took us straight to $108
The Accelerator Oscillator indicator is also showing signs of bullish movements which in turn is showing the bear trend weakening
A solid buy would be right now or waiting a couple day to see if BIGC goes down to the $70 level
If MACD switches sides we are looking at another rally to $108 as well as other tech following
So far i have noticed that BIGC is a leading indicator of other Tech
Earnings will also be a good indication of the direction
FB/SHOP Sympathy playPartner for e-commerce looks ready to break downtrend with some positive news. Took a while to digest the move from 78 to 162 on the announcement.
BIGC ready for a rebound?Looking into some debit spreads running into earnings. looks like good area for support, could be .618 bounce. initial target is to get back to MVWAP
BIGC - Support bounceBIGC has found support on the conversion line. An entry below 95 would be ideal if there are intra-day dips.
MACD may down cross, our stop is set below conversion line support.
Profit potential - 12.8%
Downside potential - 5.1%
Risk 2.52
10/19 BIGC*** RECAP (Link Below): Hoping the current uptrend continues and we see $100-$105 the week of 10/12. ****
Actually went to $109
This is my idea for this week 10/19
We will continue along that same channel breaking those resistance lines which I adjusted.
I do see another ascending triangle forming (I didn't draw it out) but no confirmation.
As always I look forward to your comments for or against my ideas.
10/12 BIGC Hoping the current uptrend continues and we see $100-$105 the week of 10/12.
The company hasn't been public for long so it's hard to tell.
Given that SHOP is a competitor I have a lot of confidence.
$BIGC Upward Channel Breakout$BIGC is in an upward channel that I am looking to break out of at the $104 alert. First target $110, second target for gap fill at $130.
BTO $BIGC 10/16 $110c avg $2.
BIGC:NASDAQ - BIGCOMMERCE - Rallying off the bottom ?Biocommerce's time on the exchange has been very underwhelming especially when you compare it to Shopify and its meteoric rise. It has started to make a move off the bottom so could be worth a watch.
