TA,
- Breakout attempted on 2/10 but failed.
- Tight price action near 63.6 level with decreasing volatility
- Earnings catalyst and the price is consolidating till the short term moving averages catch up. Seen this with a lot of growth stocks recently. So, I gave it a name : CAT20e
FA,
- Baillie Gifford 1.3%/Druckenmiller added
-Increasing margins and sales growth
-Increased guidance
-Increased enterprise spend as economy recovers
Concerns,
- Lawsuits
- Negative earnings
High risk, Swing trade only.
Buy: Above short term pivot 66.1 on increasing volume
Stop loss: $60 invalidates thesis if it crosses the wedge downwards
Max risk: 9.2%
- Breakout attempted on 2/10 but failed.
- Tight price action near 63.6 level with decreasing volatility
- Earnings catalyst and the price is consolidating till the short term moving averages catch up. Seen this with a lot of growth stocks recently. So, I gave it a name : CAT20e
FA,
- Baillie Gifford 1.3%/Druckenmiller added
-Increasing margins and sales growth
-Increased guidance
-Increased enterprise spend as economy recovers
Concerns,
- Lawsuits
- Negative earnings
High risk, Swing trade only.
Buy: Above short term pivot 66.1 on increasing volume
Stop loss: $60 invalidates thesis if it crosses the wedge downwards
Max risk: 9.2%
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Not to mention there's a cup pattern with a tight handle