SMAR support at 24. Hoping for quick bounce to 26-27 range. Looking for quick trade, nothing more.
Stochastic oversold for quite a while now. I think the initial euphoria has ended since the IPO (SMAR is in the hot S-A-A-S sector). Stop-loss at 22.50 (it's tighter than I normally do but we will see).
Good luck out there!
Looking at the chart of "relatively hot" IQ, seems there is support in the $30.60 range in the last 6 trading days.
With stochastic oversold, and IQ price hitting limit order of $30.60, expecting small bounce to 13-day EMA at 33.75 for a $3 win (almost 10%). That is target #1.
Target #2 is to continue the momentum and hit $37.50 or so for a 20% win. MACD is...
First post here so bear with me.
OKTA (in hot S-A-A-S sector) has support at 48 at multiple times. Stochastic oscillator (on 5-day and normal 14-day) is oversold. Placed limit order at 48.05 and got filled.
Target here is in 53-54 range or until stochastic overbought. 53-54 is in range of 13-day EMA in the week or so past earnings date.
Stop loss at...
