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$SMAR - W Chart - Strong Pullback Play

Long
NYSE:SMAR   Smartsheet Inc.
$SMAR is soaring from higher than expected earnings numbers. $SMAR is benefitting from the increased demand for their products due to COVID. $SMAR products are beneficial for remote employees. With the introduction of vaccine news, we could see a strong pull back to a preferable buy zone ($59) that aligns with the 61.8 Fibonacci level and initial resistance.

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