GitLab Inc.Long
Gitlab ~ An Early Investment
Updated
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
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
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