Confluent, Inc.Panjang
$CFLT Long Watchlist – Looking to Break-out of Channel?
Looks like CFLT has retraced its latest uptrend back to around the .618 Fib level. It is now hanging just under the 50% retrace level. I am not a big Fibonacci trader, but I do like to look at retracements and the .618% and 50% levels seem to be levels where stocks “can” make a turn.
I use trendlines and support / resistance areas for my trading style. In this case, the 50% retrace area lines up well with an area of resistance. I like how it seems to be respecting (somewhat) the 40 Week MA in white. I have an alert set for a cross over $31 and again over the upper downtrend line. To be clear,CFLT is in a confirmed downtrend based on the downward sloping channel and a series of lower highs and lower lows. So, I am looking for a trend change. All TBD.
Earnings are about 9 days away and is something to keep an eye on too. (I have not verified the Earnings date.)
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
CFLT has retraced its latest uptrend back to around the .618 Fib level. It is now hanging just under the 50% retrace level. I am not a big Fibonacci trader, but I do like to look at retracements and the .618% and 50% levels seem to be levels where stocks “can” make a turn.I use trendlines and support / resistance areas for my trading style. In this case, the 50% retrace area lines up well with an area of resistance. I like how it seems to be respecting (somewhat) the 40 Week MA in white. I have an alert set for a cross over $31 and again over the upper downtrend line. To be clear,
CFLT is in a confirmed downtrend based on the downward sloping channel and a series of lower highs and lower lows. So, I am looking for a trend change. All TBD.Earnings are about 9 days away and is something to keep an eye on too. (I have not verified the Earnings date.)
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.