Scwx LongI had an idea prior on SCWX that was deleted for some BS.
So here’s the repost.
Good luck peeps
SCWX trade ideas
SecureWorks Working its way into Green. SCWXWe are recovering here. X Wave.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
SCWX: Breakout Confirmed, 16.86% Potential Profit!Description: SCWX is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $13.7 - $14.1
2. Take profit: $16.08
3. Stop Loss: $13.34
4. Risk To Reward: 1 / 6
5. Accuracy Rating: 93%
2-Hour SCWX bull flagging PT - 16.50Technical - Bull flagging after recent break out.
News - Cyber security companies has need after recent cyber attacks.
- Microsoft teamed up with FEYE to fight cyber attacks.
- Recently acquired AI based threat analysis company Delve Tech.
SCWX MA Support and TTM (Long)Some volatility with SCWX overall, consolidating now and looking to catch the uptrend. TTM might be winding up for more upside. Will try to catch it on the 0.5FIB. Putting stop below the lowest moving averages, and below the 0.618 FIB.
SCWX - buy on pullbackSymbol SCWX
setup flag
Upcoming Earnings Jan 29, 2019 (EST) Mar 27, 2019 (EST)
Horizontal S&R: yes
Channel S&R: yes
>20 & 50MA S&R: yes
>200MA: no
Volume confirmation: no
Candle Confirmation: yes
Stoch Divergence: yes
Reg Trendline >85: no
Short Float: 28%
Entry 22
Stop 18
Price Target 30
Risk / Reward: 1:2
Zacks Rank: 3-Hold 3 Style Scores: F Value | A Growth | A Momentum | C VGM Industry Rank: Top 22% (43 out of 256) Industry: Computers - IT Services
Any feedback is welcomed.
Secureworks Announces $15 Million Stock Repurchase Program09-27-2018 08:00:00
Secureworks Announces $15 Million Stock Repurchase Program
wave count on SCWXearnings are a few weeks away, and i need to decide if i reduce some of my position before then... i would guess that earnings will not be "great", and we have had a pretty good move.
we could be in a wave 4... does this hold up through earnings, or are we in the abc of the subwave?
SCWX call salesince i'm in the selling mood... let's see if we can get some of these SCWX shares called away :)
pick up some more SCWXhere we are bouncing off of the 50 ema again... might as well pick up some more for a shorter term trade.
when ever i close out this trade, i will include the rest of my short-term holdings.
