SMAR trade ideas
Smartsheet (SMAR)Earning coming out Sept 2nd. This thing has been a huge chop fest over the last 12 months. Stan Druckenmiller likes this company and bought some shares during the 2nd quarter. Lets see how these earnings come out.
Might Be Time To Buy Some SMARThis is one of my favorite companies around, given it's low valuation, high margins, and huge TAM. This also trades both 1.) at a discount to competitors and 2.) within a range for the last year and a half, so I think it might be time for SMAR to have it's day in the sun. At the very least, something to watch.
BIG Potential to SMARTSHEETHey guys, SMARTSHEET is in a bearish configuration, it could be that it seeks to return to the volume run at the end of the session. The stabilization zone can be broken and for strength it will depend on the volume of purchase.
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TA Analysis of SMAR- Breaks Resistance
- I do expect this to fill the gap a least to $55
- Possible Retest to $60
- RSI is right on neutral between 50-55 on the daily
-MACD indicator shows momentum to the upside is starting .
- Currently holding July 17 $55 Calls @ $.80 average
SMAR Gap FillSMAR has now broke resistance and has begun to fill the gap in its chart. This gap plays all the way up to the $57-58 range. Looking for SMAR to fill the gap
SMAR - Downtrend + Bearish Engulfing @ Value AreaI. Analysis
1. Uptrend interrupted by a steep gap down on massive volume - Structure broken, with price trading below 20 and 50MA - we are looking at shorting opportunities
2. Two price rejection candles have just been formed at:
a) 50MA + 20MA area
b) cumulatively, previous support, potentially rendered resistance - we are looking at selling entries from this area
3. As abovementioned, two price rejection candles formed at the value zone, las of which a bearish engulfing candle
II. Trade
1. Enter short next candle
2. TP next swing low ( reckon slightly aboe 200MA)
3. SL 1 ATR above draw resiatnce area// 50MA // engulfing candlestick
Plsd to hear yr comments.
Cheers
Ruben
SMAR - GREAT Short Opportunity, IF ... !!Hello! Friends,
This would be a great short Opportunity, IF NYSE:SMAR breaks down the Support line at $48 !!
Smartsheet Inc (SMAR - NYSE) - ABC wave patternSmartsheet Inc (SMAR - NYSE) has completed five wave impulse sequence in 2 hr time frame, which is the 5th wave of daily time frame, which indicates a good size correction for whole sequence in daily time frame (unless further extension). It made A wave down with all time high volume support. Wait for B wave to complete in wxy correction pattern where y wave is again subdividing abc and internal wave c is under progress, wait to complete that wave to get in to for bigger and larger C wave down.
Long $SMAR Smartsheet Fibonacci Level SupportNot investment advice - my opinion only.
Long SmartSheet
SMAR earnings breakout pendingThe last time $SMAR broke out over a double top resistance, it jumped >20 points in 5-6 months. It just did it again and earnings are tomorrow. This is a stock that has benefitted from COVID because it make collaborative WFH easier. I think its going to beat earnings and guide higher and start a move up to the $70-80 range over the next 6 months.
Smartsheet Inc. - $SMARSmartsheet Inc.
Ticker: SMAR
Industry: Software
Entry: $57.88 or better
Stop Loss: $56.48
Price Target: $70.00
Risk: $1.40
Reward: $12.12
Reward/Risk Ratio: 8.66
May 14... It's lived it's entire existence for this...Started adding some support lines to SMARTSHEETS and saw a noticeable convergence all occurring at or around May 14, 2020. I'd love to see what happens when this stock gets there. It's been trending there since its inception.
Share predictions below...
Smartsheet with Bullish Engulfing patternBullish engulfing pattern today on SMAR after recent correction. Longer target with aiming at last major high before the rally.
SMAR Round UpSMAR is in the final stage of its round up pattern on the hourly chart. We may see it complete by tomorrow and hit $47.30 before facing some sort of resistance at that level. This is a short play with an expectation of it hitting the target in 1-3 days. Daily chart is showing rounding pattern as well.
