Hourly indicators are actually bullish, but 3 separate chart patterns indicate a target of $5. Pattern is very similar to the 2015 rally, if the market keeps selling of software companies, this could hit gap support between $4.5 - 4.75.
Long term, everything depends on earnings.... I'm still bullish, waiting for the pullback.
Long term, everything depends on earnings.... I'm still bullish, waiting for the pullback.
Nota
Positive MFI divergence on the 2 hr chart now, but boy does it look bad on the daily chart. I think waiting for this to go oversold on the daily is the wise move.Software sector getting hammered, looks like the whole sector is due for one more day of tanking. Will probably be weak for the entire week, will look at this Thu/Fri.
Nota
I had a bid in at my $5 target and it barely missed. There might be a quick flip possible here as it's still oversold with positive divergence in every intraday chart timeframe. (Still not oversold on the daily though.)I was taking care of my other trades, and didn't up my bid, oh well.
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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.