jaxdog

$FRSH Breaking Out of Downtrend?

Giá lên
jaxdog Cập nhật   
NASDAQ:FRSH   Freshworks Inc.
FRSH I like this chart except for a declining 50 day moving average (red) and it has yet to put in a higher low. The positives are a rising 40-week MA (white) price has moved over the shorter-term Mas. It looks to be breaking out over the downtrend line. I like how I can define my risk if I am wrong.

I have started a ¼ size position and I will look to add if / when it moves over the near horizontal trendline. I will place my stop on a close below the 40-week MA.
Bình luận:
This one's having a hard time with the market fading. If it cannot hold the morning low going into the close, I will likely sell out and put it back on the watchlist. TBD.
Bình luận:
I did not sell out on Nov 15 and still hold the same 1/4 size position. It now looks like FRSH is getting ready to break above a small flat base. If it can do that and hold today I will be looking to add. It looks to me that it is getting ready for a nice move higher. All TBD.
Bình luận:
FRSH is looking nice this morning. If it can hold these gains into the end of day I'll bring this up to a 1/2 sized position.

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.