VEEV - Long term looks good!


Wider View

- Post COVID run built towards a distribution range between 260 and 330

- With the rate hikes, VEEV went on a sell down but has since been on an accumulation phase from 2022 until now

- And we are now at another possible attempt to break out the accumulation range

- Upside could be movement up to previous range again or up to 290 (middle of range)


Bullish View

- Price action moves in distribution and accumulation so it is enough for me to be bullish on VEEV long term

- Healthcare is rate sensitive so possibly break out of accumulation during rate cut periods

- Price action is now also in the upper range (above 193) which is also above MA50 on weekly chart (This all is telling)


Bearish View

- Stays within the range between 164 and 220 longer


My plays

- Continued accumulation of shares above 193 (Disclaimer - My cost base now is 170)

- Sold puts and will accumulate more puts if pullbacks to 193


Good luck, all!

VEEV - Daily (wider view) - 4 Feb 2024

VEEV Daily (closer analysis) - 4 Feb 2024

@macroB  @Deposit  @melson  @CaptainTiger  @TigerStars  

$Veeva(VEEV)$  

# 💰 Stocks to watch today?(21 May)

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.

Report

Comment8

  • Top
  • Latest
  • JustinCooper
    ·02-04
    TOP
    Agree! VEEV is a winner. 🚀
    Reply
    Report
    Fold Replies
    • Asphen
      patience will pay out
      02-04
      Reply
      Report
  • macroB
    ·02-04
    TOP
    will take note now 😆
    Reply
    Report
    Fold Replies
    • Asphen
      😉
      02-04
      Reply
      Report
  • melson
    ·02-04
    TOP
    probability of retracing down is higher
    Reply
    Report
    Fold Replies
    • Asphen
      that's fine. I can nibble more and add to my good base. 😀
      02-04
      Reply
      Report
  • Look, let me tell you something, there is someone called i̺n̺s̺t̺a̺gr̗a̰m͖d̝ạ (k̺l̺e̺i̺n̺_t̺r͓̽a̺d̺e̺3) and I started making money with him. ( k̺l̺e̺i̺n̺_t̺r͓̽a̺d̺e̺4 ) I have lived in vain until now, its difference is
    Reply
    Report
  • Deposit
    ·02-04
    v good analysis
    Reply
    Report