Weekly/Monthly Chart looking constructive with clear consolidation since may 2022 up till now
Key Levels $115 / $87 / $70 and $100(just adding this to pay my respect for Psych levels :D)
VRVP clearly crossed above that $87 in Jan 2025 and then held it even though 6 months touched it but never broke it.
Pros-
Earnings were good !!
Price Targets raised by 4 Analysts !!
$100 psych is a magnet to pull us up !!!
Relative strength showing the love is coming anyday now
I dont see no Baggies between 115 to 87, PA is constructive here.
How il play
+added first tranch
+next adds will be once 21 ema crosses 50 and on that Pull backs
-Cutting if 87 gives up !! But ready to re add WHY?
They are in the IAM bussiness and top 3 next to microsft and ibm, industry will grow to $73 billion in 2035 and currently $33 billion but room to grow But more importantly
Fed is ready to cut and market has liquidity. Its a Bull market unless proven otherwise so lets make that money but Risk Management first, its atleast a 2R trade so for novice traders - DO NOT EVERSIZE, I am a swing trader and not investor
Key Levels $115 / $87 / $70 and $100(just adding this to pay my respect for Psych levels :D)
VRVP clearly crossed above that $87 in Jan 2025 and then held it even though 6 months touched it but never broke it.
Pros-
Earnings were good !!
Price Targets raised by 4 Analysts !!
$100 psych is a magnet to pull us up !!!
Relative strength showing the love is coming anyday now
I dont see no Baggies between 115 to 87, PA is constructive here.
How il play
+added first tranch
+next adds will be once 21 ema crosses 50 and on that Pull backs
-Cutting if 87 gives up !! But ready to re add WHY?
They are in the IAM bussiness and top 3 next to microsft and ibm, industry will grow to $73 billion in 2035 and currently $33 billion but room to grow But more importantly
Fed is ready to cut and market has liquidity. Its a Bull market unless proven otherwise so lets make that money but Risk Management first, its atleast a 2R trade so for novice traders - DO NOT EVERSIZE, I am a swing trader and not investor
Nota
God damn this is a laggard for sure, if anyone followed the idea, DO NOT HOLD IN Earnings please unless you know what you are doing. Save capital if it hasnt made the mode or you dont have a buffer do not gamble. Also its such a laggard, all cloudy stockys making moves and its still sleepin. dang it wake uppp ! Trade attivo
Went under 87 pre market but back up so holding but will be closing if closes today under it and try when structure builds up againNota
crazy how they wont let it close under $87 - definitely someone is accumulating and wants 87 so i am thinking its someone smart with money alot of money and thats their buying price so risk is under or super close- been $87 as a support resistance flip since 2024 to now so this is line of control even they shake you out and i will still buy on reclaim but for now still in as stop loss super close but very interesting to see this. also see software names breaking in braoder security space like panw crwd zs and this IAM space has leaders like IBM MSFT also showing super strength, okta definitely a laggard but stops in no hopes. Lets see what happens monday as trump china is good n crypto bangging so clearly gold will get a smack down and RISK ON is very very clearNota
past earning behavior is somewhat predictable, they love giant gaps and it seems the stats stand at gapping down if there was a pre earning run up and gap up for sideways or bearish moves in the earnings. Anyways please keep stops tight and for earnings gamble be very careful since the gaps are massive from the past. I will keep SL tight GLTATrade chiuso: stop raggiunto
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.