Gitlab ~ An Early Investment
Fundamentals:
The Google-Gitlab partnership improved the fundamentals of this company. Earnings and sales are growing. It is not what I classify as a super stock yet. Cashflow is still negative, as it is still early. It IPOed two years ago. A growing amount of funds are accumulating this stock. However, sales are not accelerating yet and there are some data lacking.
Technicals:
Price is currently at the bottom of a weekly consolidation pattern, hitting the weekly kijun.
H&S pattern forming with good volume.
Weekly kijun rejection+50% fib support
Trade Plan:
H&S pattern - entered in the cloud at the kijun rejection. Price is, also, in the weekly cloud, signifying consolidation.
Waiting for the cloud breakout above to add 0.05% risk.
Price Target:
68 and 140
The Google-Gitlab partnership improved the fundamentals of this company. Earnings and sales are growing. It is not what I classify as a super stock yet. Cashflow is still negative, as it is still early. It IPOed two years ago. A growing amount of funds are accumulating this stock. However, sales are not accelerating yet and there are some data lacking.
Technicals:
Price is currently at the bottom of a weekly consolidation pattern, hitting the weekly kijun.
H&S pattern forming with good volume.
Weekly kijun rejection+50% fib support
Trade Plan:
H&S pattern - entered in the cloud at the kijun rejection. Price is, also, in the weekly cloud, signifying consolidation.
Waiting for the cloud breakout above to add 0.05% risk.
Price Target:
68 and 140
Note
Moved stop to breakeven
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.