VEEV - Much to be bullish about. Will earnings change it?

Asphen
05-17


Price Action (Update 17 May 2024)

- Charts of this counter had been quite technical

- Pullback has been tactically to find support around the golden pocket (fib 61.8 and 78.6)

- And price action balance had been found exactly at the Fib 61.8 (203) before recently breaking upwards

- It has since went above 209 and on 16 May, exactly back tested the 209 level

- Staying above 209 could well mean a path back to the all time high of 230+

- Note the gap above at 230 and 50% gap fill at 223 (all possible targets)


My plays

- With obvious targets above, am more bullish than bearish

- Holding to shares nibbled since the 180s

- Sold puts strikes 185 and 195 too

- Holding above 209, will sell more puts for earnings play at 195

- This is one of my portfolio play, so am long term on this counter


Good luck, all!

VEEV Daily - 17 May 2024

@melson  @TigerStars  @macroB  @CaptainTiger  @Deposit  

$Veeva(VEEV)$  

šŸ’° Stocks to watch today?(27 Jun)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? šŸŽ Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
5
1