Splunk undervalued

21 thg 9, 2018

Look at the volume at earnings day on 24 August 2018. 11 million(average daily volume is 2million) at median price $119, low was $115 which is current price... Zoom into 30 minutes chart during the earnings day and you will see the low $115 happened for only the first 30 minutes... and the 6 hours were at $119 plus for that day. This means it was severely skewed toward $115... and most people(prob institutions or D traders) bought it for $119. This shows that people are willing to buy at $119. We have at least $4 t o$10 of room for growth. Since it is Friday the price will drop a little more and bounce up next week. I highly suggest buying it today Friday and sell it on Monday or even next Friday or before the next earnings. This stock is way undervalued in the scope of 1-3 months. Just for confirmation RSI also indicates this is a good time to buy.