DDOG is not a Dog Food Company. They belong to Software Service
What I see...
+ Prices shot up significantly after May 11 earnings
+ It has since moved sideway thorugh May
+ The past few days had some volatility (or corrections) to pull prices back under the rising 10ma
+ -1d formed at long upper shadow
+ But Friday the Bulls came back with a strong close above the 10ma with strong volume.
- However, the MACD seems to be turning under the signal line
- RSI is pointing upward but stepping into overbought zone
- Resistance at $75; prices could continue to move sideway within channel
What I setup...
+ Long entry above the most recent NR7
- Stop at Friday's low
+ Target at 2.618 Fib (17% away)
:: Duration - weeks to months
** Comments and Likes are appreciated; New Subscribers are full of data! **
+ Prices shot up significantly after May 11 earnings
+ It has since moved sideway thorugh May
+ The past few days had some volatility (or corrections) to pull prices back under the rising 10ma
+ -1d formed at long upper shadow
+ But Friday the Bulls came back with a strong close above the 10ma with strong volume.
- However, the MACD seems to be turning under the signal line
- RSI is pointing upward but stepping into overbought zone
- Resistance at $75; prices could continue to move sideway within channel
What I setup...
+ Long entry above the most recent NR7
- Stop at Friday's low
+ Target at 2.618 Fib (17% away)
:: Duration - weeks to months
** Comments and Likes are appreciated; New Subscribers are full of data! **
Trade closed: stop reached