$PSTG bull flag after a great ER reportNYSE:PSTG is bull flagging, has been in a range for the last 3 weeks
Had great ER & guidance
has been digesting the move ever since
very constructive, could test ATHs in the next month or so
alerts are set
PSTG trade ideas
PSTG finding support on top of interests and Vol. Easy $4 gain Easy $4 gain over a weeks time. Should keep going. This indicator shows all the different timeframes and how they are connected to volume and price. Once it finds support on top they start to spread out and it becomes harder for it to slide through. Bouncing its way to profits.
by iCantw84it
11.29.24
PSTG May 3, 2024: Waiting For A BreakoutNYSE:PSTG is relatively strong stock during this overall market correction, consolidating from March, and is now right at the MA-50 even when the indices once crashed down further below.
A break out above this trendline would provide a buy signal.
Pure Storage Pulls BackPure Storage jumped to a new record high on strong earnings last month. Now, after a few weeks of consolidation, some traders may expect further upside.
The first pattern on today’s chart is the bullish gap on February 29. The data-storage company has remained completely above the gap, which may suggest there are few sellers.
Second, prices held the rising 21-day exponential moving average on March 19. They also formed a hammer candlestick. In addition, the bounce occurred near a 50 percent retracement of the most recent surge.
Finally, stochastics are turning higher.
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PSTG - 1st SpringEntry: $35.11
Stop: $33.33
Exit Goal: $37.78 w/ Trailing Stop on the way up
Risk per share: $1.78
PSTG Pure Storage Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PSTG Pure Storage prior to the earnings report this week,
I would consider purchasing the 36usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $2.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Pure Storage Rebounding?Looks like the squeeze is slowing and a bull run is in the future for this beaten up stock. There is a huge gap to fill back to the $26 line.
PSTG: Bullish Pennant, Not confirmed (46.35%)Bullish pennant for PSTG on the Weekly chart.
Not confirmed.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 but barely
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in Marth 2021
8- Post formed with volume
9- Descending volume during pennant forming
Cons:
1- Figure is not confirmed
2- No break out yet
3- ATR flat
If confirmed, target price is 53,52$
Again, stay humble, have fun, make money!
MAAX!
PURE STORAGE Stock Chart Fibonacci Analysis 040123Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 25/61.80%
$PSTG Shortdownside breakout of channel > return move > rejection off channel bottom. PT is ~$16. A close above $31 would invalidate
Not your blue chip tech company, that's the good thing!NYSE:PSTG in the data storage industry breaking out from a fisrt base after it bottom.
NASDAQ:SPSC in the computer software industry, specifically in supply chain solutions, breaking out from a fisrt base after the bottom.
Both are 1st in their IBD Industry Rank.
PSTG made a cup that could fuel a good move, and SPSC has its next resistance +25% away.
Which one do you like better?
Pure Storage (PSTG) - Breakout Imminent?$PSTG tightening up just below neckline of multi month base. Two tight bars in a row, and inside-day bar on Friday.
Pure Storage Inc (PSTG) Long positionPure Storage Inc (PSTG) Long position
Entry price: $29.95
Take profit: $34.89
Stop loss: $27.44
Risk/reward: 1.98
PSTG Bottom bounce & popping during 3 conferences through 9/13PSTG setting up a extreme bottom bounce pattern and going long over the next week with presentations at 3 conferences through sept 13
by iCantw84it
09.07.22
Stock ideaPSTG reported solid figures yesterday and provided guidance above consensus expectations. The company has positive Free Cash Flow and attractive valuation. In our view, we may watch for an attractive entry around $28.0 (this level provides solid technical support) with lower risk. On good days on the stock market PSTG is definitely set to run to its price target of $32 (first resistance level) and to $37 mid-term.
Is $PSTG ready push higher on the right side of its base?Notes:
* Steady up trend on all time frames
* Great earnings track record
* Basing for the past ~8 months
* Pulled back to its 20 day line and is now moving higher with volume
Technicals:
Sector: Technology - Computer Hardware
Relative Strength vs. Sector: 3.54
Relative Strength vs. SP500: 6.42
U/D Ratio: 1.24
Base Depth: 64.4%
Distance from breakout buy point: -15.42%
Volume 41.61% above its 15 day avg.
Trade Idea:
* You can enter now as the price is recovering from its pull back on high volume
* If you're looking for a better entry you may be able to find one around the ~$30.7 area
* This stock usually has local tops when the price closes around 19.92% above its 50 EMA
* Consider selling into strength if the price closes 19.72% to 20.12% (or higher) above its 50 EMA
* The last closing price is 9.1% away from its 50 EMA
Hopefully with a pull market it will bouncePSTG, Strong earnings showing healthy behavior against a very problematic market.
$PSTG to 40 by Marchnew ath printed last week, and has looked strong so far this week. Confident we see $40 in the coming weeks/months
PSTGProvides technology and data storage solutions
Bull flag after 30% growth
BUY 26.39
SL 25.75
TP1 29 TP2 33
$PSTG Creative Long Setup$PSTG is setting up nicely. A little bit creative setup exited that little shelf few days ago, and sitting on top of it right now and squeezed by the down sloping trend line.
Accumulation is clearly evident. This could come out tomorrow of Tech holds and doesn't give away
Update on PSTG fibonacci and entryPSTG was able to break a strong resistance with the recent earnings report. I have been bullish for a while on PSTG, and continue to be so. However, I expect a pullback to the fibonacci support before entries look good. This bull trend can easily continue, and fibs are the best way to play it imo.
Make sure to check out my post on NTNX for a similar long-term pattern.
I am not a financial advisor, and everything stated is my opinion. Trade carefully.
