ARLO trade ideas
$ALRO can rise in the next daysContextual immersion trading strategy idea.
Arlo Technologies, Inc. provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,10;
stop-loss — $3,76.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Let see how it plays during this time Gap filled. nice setups. Will take profit when price hits some point around the next fib %.
P.S. I found out you can donate coins! I am working towards to get "premium" account so I can set up more alerts! Hope you guys can donate some for me! And we'll pass on the good stuffs!#trendismyboyfriend
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ARLO Earnings will dictate trajectory of the StockThis one can really go either way. If earnings are good then we could see it finally get back above $5. They are don't match the street then we could see it drop back below $4.
ARLO needs a buyout and I think the Apple would be the best candidate. Google bought NEST and Amazon has RING. Apple needs to get scooped up by Apple.
ARLO gaining more momentum on uptrend after breaking resistance?Hello Traders!
The price of ARLO has been on a slow but steady uptrend recently. But now that it definitely crossed over the 2.77 support/resistance, maybe it will gain some more momentum. The RSI is far away from oversold, the MACD indicated convergence recently (even though it looks a bit indecisive in general), and the 50 SMA has recently crossed over the 100 SMA. For the price to reach the 3.74 support/resistance again is very likely; with a bit of luck, it might even reach 5.14!
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Please, maintain proper position sizing and risk management!