PD - possible accumulation phasePossible accumulation phase on NYSE:PD . My pain limit is $14.46 in case I'm wrong. Take profit marked in green for 1/3 of shares only.
PD trade ideas
9/3/24 - $pd - 5 bps on C's. R/R justifies.9/3/24 :: VROCKSTAR :: NYSE:PD
5 bps on C's. R/R justifies.
- great mgn, growing (albeit MSD best), seems to be an interesting position in mkt of hardware-software-IOT-stuffs
- low 3's EV/sales seems like par for the low growth stuff these days
- cathie-owned keeps me lol'ing why i mess with her bags
- but short interest is sky high. today's -4% move is actually holding up better than alot of similar names, and the action into the print seems to have established $18 as possibly a valuation line. hard to tell.
- for the reason of today's move + high short interest ... i'm taking a punt only in Oct C's to play the reversion higher and possibility of good speech. admittedly i think the risk to the downside is DOWN, HOWEVER, in the event they do beat, the MAGNITUDE of the upside outweighs this risk. so my 5 bps i think is 60-70% a zero (or half given they're Oct calls, depending on how bad ha!) and 30-40% a 3-4x which is a marginal +ve expected result.
- so keeping it small. this one's been on my radar for a long time. i'm biased to want to own it. i've privately written that "in the 15's makes sense" so let's see what results bring and perhaps i'll dip buy an outsized down move. this allows me to put foot in pool intelligently without losing my shirt.
- as you guys know i was v cashy last week. i've deployed a touch on gdlc, more nxt, more celh and added blde and a few others into the mix. be safe out there. the headline nasdaq doesn't tell the picture that individual stonks do - most of which are WAY further off their highs than the index would suggest is the case for the normie stonk.
leave any comments if you know this NYSE:PD and case. appreciate you all
V
PD | Inverse H & S | LongPagerDuty, Inc. operates a digital operations management platform. It provides incident management solution that integrates with information technology Ops and DevOps monitoring stacks to improve operational reliability and agility. The firm collect machine generated data from virtually any software-enabled system or device, combine it with human response data, correlating and interpreting this data to understand issues and opportunities that need to be addressed in real-time. The company was founded by Andrew Miklas, Baskar Puvanathasan, and Dan Alexandru Solomon in January 2009 and is headquartered in San Francisco, CA.
$PDBullish shark harmonic
Inverse Head & Shoulders
Back above resistance area.
Target = Top of harmonic structure.
PD Q3 2023, 1d ChartPD heading into the gap, where it got rejected last. Earnings next week, keeping an eye on the chart. If they beat, this can fill that gap. It has been consolidating around this price area for almost 3 months.
PD eyes on $34.53 major Golden: most Important fib of its life ?All levels plotted are from a single fib series, its "Genesis Sequence".
6.853 is 1.618^4 (to the fourth) and obviously this asset's KEY threshold.
Even the Fib-BLIND can now SEE this level very clearly for its importance.
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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PD on watchPD has already had an impressive recovery from the March 15th low. Recently it has been consolidating above the trendline and closed with a nice green candle today. Looking for a push into the red box and potential breakout above 39. Further targets would be the fib levels above. Important that growth names stay strong and we see follow through in the Nasdaq. Not interested anymore if it falls back below the green box.
PD UpdateFormed a pennant, broke downwards, retested the point of the pennant, and heading back down.
No position, but should have shorted this garbage on the back test.
It's funny, all my favorite garbage stocks seem so overdone, yet they keep going down farther. See SFIX. Idiots deserve it for pumping crap earnings, they did the same with this garbage.
This chart just demonstrates that there is further down side for garbage stocks.
PD UpdateKept saying this is a garbage stock, same with PTON and SFIX. Anyways, they're all down, but much like PDD I think this can tank further on earnings, they keep pumping this garbage up on crap earnings and poor guidance, lol.
Expecting an up day tomorrow, might grab a couple puts as a starter, will definitely buy puts Dec 7th before earnings (after close).
PagerDuty Ready for the VolumePagerDuty has been beaten up quite a bit but I see it has room for growth. The lowest estimate is at $60 and the highest is at $66 with $57 target in the middle. That's a great upside from $34. They have lots of cash verses debt and the insiders love it. I see ARKK just picked it up as well.
PD UpdateAppears to be in an up channel and cycling between overbought and oversold on the daily.
I knew that earnings pump was BS, lol. Margins sucked. But the trend is up for now until it hits the top of the channel
PagerDuty (PD) WeeklyPagerDuty weekly chart has been forming a multi-year cup and handle. If it can run past that 55-60 range things could get very interesting. This is all, of course, market permitting. Considering the price action and the number of shares being added by ETF funds this could play out very well.
PD Gap Fill ReversalPD Gapped up on earnings followed by an immediate reversal where it has now filled that prior gap. Now that the gap has been filled i suspect a rally back to the gap up level of 47.25
PD UpdateLooked really weak after the earnings pump, very reminiscent of SFIX. Overbought on MFI and RSI, and no buying interest.
I think the gap fills next week, but I didn't play it. Declining margins for a money losing company is usually bad news, not good, lol.
Stocks To WatchThe Market's longer term uptrend still intact. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 20 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
PD Mega PennantRidiculous pennant going into earnings next Thu, not sure if they're gonna tank it like they should or if they pump garbage earnings like last December.
Powell gave the market the green light to pump garbage again, so I might buy a straddle this time. There's 2 weeks between earnings and options expiration. I would lean towards puts if buying only one side. Might consider doing just out of the money puts and go one way. Not sure yet, will decide by Thursday morning. PD always drops the day of earnings during market hours, so puts should be purchased Wed afternoon, calls on Thu afternoon if so inclined.
PD PennantMonster pennant on PD just in time for earnings.....
I would guess down, but no position yet
Pageduty What's nextWeekly chart open for details. Cathie bought 210K shares yesterday. #40 in combined holdings. Reclaimed the 50DEMA also. However I want to see if it can break outside the downtrend, by closing with a full daily candle confirmation above fib 0.38, so it can oscillate away from the 200DMA. Otherwise, it might fall outside the uptrend channel and go down to 29-30 as first major support area. Also CMF bullish divergence.
PD DailyNYSE:PD daily looks bullish after a series of higher lows and now breaking the upper trendline.
The MACD has just crossed positive and the 5 EMA is crossing above the 20 EMA.
PD Chart patternWhile PD is in a bullish trend, it appears to have failed to break above the line, resulting in a decline. I see a great swing buy near the bottom if it does not break below the lines. People believe the stock is down because the CEO sold 200k shares, however the major reason is that shares of PagerDuty (NYSE: PD) were trading down today after the cloud-computing firm's first-quarter earnings report failed to impress investors. PagerDuty's company is benefiting from the rebound, as both macrotrends and the market environment continue to favor us. 9 analysts provided 12-month price estimates, with a median goal of 53.00, a high estimate of 59.00, and a low estimate of 35.00. The consensus forecast is a +24.06 percent gain over the previous price of 42.72.
Not a financial advise. DYOR
