$YNDX to break-out post earnings?

12 thg 2, 2020

YDEX has been performing quite well lately, IMO it's an under-rated company with plenty of potential to continue growing.

Price seems to be reaching for the top resistance line of the long-term parallel channel (blue-parallel lines) after recently breaking out of the smaller channel we've been bouncing in since Nov. (red/blue parallel channel)
With Earnings Report coming out tomorrow, this could have great potential to Long if we close out daily & weekly above the ~$48 price point, turning it from resistance to support and moving to test the $54-55 resistance of the long term channel.
If we close below ~$48 back into the same channel we've been in for awhile I'll be looking for support around ~$47, any significant drop below that (breaking out below the red/blue short term channel) and I'll be considering a short

I've been pretty impressed by the steady growth this company has been exhibiting the past few months- my hopefulness could be reflecting as bias in my analysis but I think long term especially this company will continue to breach new ATH's


Any advice/feedback/edits on my analysis are always greatly appreciated!

Happy trading!

15 thg 2, 2020

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Ouch! Earnings move -4.2% vs an expected ±5.1%
Large sell off- Stop activated. Crazy to see how Earnings Reports can be a strong catalyst for price reversal.

Looking for another solid entry point, as I believe this is a speed bump for the company. However the ~$42.25 area has proven to be a strong Resistance barrier that we've only been able to break through more recently, I'll be waiting to see if we go back down to that level for Support, or if we can bounce back from this difficult Earnings from this ~$46.5 level. Looking to see if we continue further down to ~$42.25/ ~44.5 Support levels and bounce back to turn the ~$48 Resistance into Support again.

10 thg 4, 2020

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Clearly this didn't play out at all, after earnings we saw a bit of a correction, and then the news of COVID-19 have left this particular idea out of question.

However, because the fib sequence lines still seem to be at play, I figured I'd update here for those who care at all.
We seem to be to still be riding within the large parallel channel, which is great. Last week brought us up to that .236 fib level. Fundamentally, I'd think we're likely to see a hard correction back down to test the bottom channel line. However Fundamentals seem less trustworthy. After some chart playing and rubbing the crystal ball, etc I'm starting to expect we'll rise up to test that 0.618 level right about ~$42 area. Which coincidentally enough, is where we dropped down to after the correction post earnings from the original idea above.

Feel free to share your ideas/critiques, etc

26 thg 6, 2020

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for those still watchimg, YNDX appears to still be honoring these fib levels

Possible Short opportunity?
seems like a good week to "sell the news"
and looks like a possible double-top forming on this weekly chart?

This is still in my "longterm hold" watchlist- but there are also some great straightforward active trade opportunities along the way!

Happy Trading!

15 thg 7, 2020

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YNDX has continually proven itself! Consistently breaking new ATH's, this is a long term holder folks!