$DDOG Correction wedging Action$DDOG correcting that wedging action into supply chain. Its getting better with each passing day. not actionable yet.
DDOG trade ideas
$DDOG / LongBULLISH
Is in a Stage 2 uptrend with price above a rising 30W MA.
Relative Strength is above its zero line and trending up.
Price moved gapped up after earnings and has been correcting for the last 33 trading days (just over 6 weeks).
The correction has seen price move through a Downward Sloping Price Channel / Double Bottom.
Price has moved up and out of the DSPC and tightened up. There is a possible tight zone with narrow range and spread bars.
Price has retaken its zero ATR line.
Bullish expansion bars outnumber their bearish counterparts in the structure.
Volume has been roughly average with above average days seen around the lows of the structure suggesting absorption of supply (weak hands).
The last trading day (although this was the 23rd of December shows a blue dot (40% less volume than average).
The last bar is an inside bar making it actionable on the daily timeframe .
BEARISH
Volume has not dropped to anaemic levels.
Price has since printed a higher low but has not yet printed a higher high.
$DDOG Trade ideaGood R:R opportunity.
Wait for inside candle breakout, go long above candle break or short below candle break.
DDOG. Triangle. Target -23%We now see a descending triangle at the top reversal pattern. The price target of such models is measured along the widest part of it (23%) and set aside under the horizontal line, that is, up to $ 118. This target is complemented by the Gap on Aug 5 '21 ($ 116-126).
Cycle analysis says a return to the bullish cycle should be expected by February '22.
Not financial advice.
Take care.
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DDOG ready to move back up?DDOG:
Bullish: I’m looking for DDOG to push up over and claim $176.19. If it can do that I’m looking to follow the green levels and the orange possible resistance up to a new ath of $201. It hasn’t done too well with the short term extension(green from 4 hr) golden zone after claiming $176.19 I want to see it claim $182.27 and make its way to test $185.51. My target for now is $201 but ultimately I’d be looking to grind up to the monthly 161.8 level of $216.24.
Bearish: a rejection of $176.19 or breaking and rejecting at the golden zone again could send it to $170 below that if it really wants to go we could retest the golden zone from the weekly where it gapped out of around $160.
DDOG - Broke Through Tend LineDDOG has had some strong momentum and broke through the uptrend. I would hold some caution as it could pull back fast with the nasdaq being at or near all time high
DDOG Short Opportunity | Pros and Cons + AnalysisNASDAQ:DDOG just broke out of a 2month long uptrend with confirmation. Short opportunity here with the following pros & cons
Pro
Just broke out of uptrend with confirmation
Multiple top pattern spotted at 169.99 level. Strong wall
Con
Stock has a bullish bias overall when looking at it from a larger timeframe
Key levels
SL
182.34
TP 1
161.05
TP 2
158.02
DDOG- Broke out the cup pattern
DDOG broke the cup pattern , It may follow the #NET pattern .
MACD curling -- Bullish
DDOG LevelsNASDAQ:DDOG
The lines represent the price level that has been traded upon or will be traded.
The more it hit the line, the stronger the level.
It can be use to set profit taking price or stop loss price.
Every level is of same significant until order flow trades upon it.
DYODD.
correction DDogFell outside of it rising wedge.
Entry below 133
first target 119.
Second target - gap close 116
DDOG: Probably a 15% up move soonGreat earnings and produced a runaway gap. Then price continue to grind higher throughout the rest of the month.
Likely to see a 15% up move in the next month or so before pulling back.
This stock looks like it has a longer term perspective. If it does pull back to $125 area, then it's probably good to accumulate.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
$DDOG #datadog #stocks Many swings prior to May this year but none since.
This IMO is about to roll over and sharply.
$100/110 November my first target
Revenue is growing at slower rate
Forward P/E 500+
P/S 256
Twitter:@jtrade_2
Update to DDOG ascending channelAfter DDOG filled out our previous chart, it continued to respect the channel until it broke out to the upside on Sept 22. It is currently retesting the upper trend line as support. If we get a bounce from here we could see a new trend angle established, and a set up for entry if we get a break above 151.00 for the continuation.
$DDOG - Short term consolidation but long term mega-winnerDDOG has bearish divergence on RSI and will probably consolidate or drop slightly until RSI cools off, but I expect DDOG to be a long-term mega-winner. New ATH in 1-2 Q's.
DDOG Ascending ChannelDDOG has been in a bullish trend since the last two earnings surprises. This chart highlights a possible move back to the top of the channel over the next two days. Enjoy!
