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Pivotal

PVTL finding its bottom - a fundamental play for mePVTL is a company I like fundamentally. I'm a software engineer and I've developed on their platform Pivotal Cloud Foundry, and I do like it. I know the decision makers at that former employer also really like the platform. I'm of the opinion that these guys will be a prime target for an acquisition by Amazon. I have seen absolutely no indication that this would ever happen, but knowing what these guys do and watching the direction they've taken, I believe it would make perfect sense if it happened. When I saw the gap down over-reaction to earnings last month I bought a long term position after hours, and ended up selling it a couple days later for very small profit when it was clear the chart was going to break down to lower lows. Now that PVTL is building a base of support in the $19 range I'm starting to get interested again in making a longer term swing investment. Thursday was a daily inside bar that broke bullish on Friday and even closed above the IB resistance. I didn't play that because of the IB bullbreak fake-out on October 1st. It is worth noting however that Friday did the opposite - it had an IB bearbreak fake-out. I'm also noticing some potential bullish divergence here on the RSI and MACD, where the price is making lower lows and the oscillators are making higher lows (this is much more evidence on the MACD). The last daily lower high is is 19.93, call it $20 psychological, although a riskier play would be to get in a little early on the break of 19.68 because of the divergence I just mentioned. Looking at the 4hr chart, breaking 19.68 would also change the 4hr trend, giving us a new higher low and higher high. I personally feel comfortable taking that trade, as I believe $20 will easily break if the 4hr resistance breaks on big volume. The next daily resistances are at 20.11 sand 20.19 - there is a clear band of resistance in the low $20 range so a more patient and risk-averse trader may choose to hold off until all of those resistances break. When the daily oversold bounce does start to play out we will be looking for a lower high on the daily compared to 23.95. Key range: 18.45 - 19.68
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by McGuireTO
big pic breakout on ger small cap SNP Schneider-Neureitherfinally, SNPSchneider also made it to become part of Tradingview, which is good and made me register here right away to talk about it. I own SNPSchneider since the pullback in june 2016 and added to my position thursday 09/22 which averages my entry to 28.7. It is by far my biggest position and I consider it to be a fundamental big money trade. On friday, 09/23 SNPSchneider reported its 2nd big order of about $10Mio by 2 US companies within the chemical industrie. most certainly, these companies are Dow Chemical and Dupont. Stock prices went up to 34/34.5ish in late after hours trading. Knowing that the market cap of SNPSchneider is just $120Mio, this is a huge order. However, it also demonstrates that SNPSchneider is currently transforming from a small software company to be a successful global player being on the list of even the biggest US corporates when it comes to sophisticated SAP systems. The Chart on tradingview doesn't look as nice coz it's got no history in it, maybe you can find a different tool to chart it yourself. Consider this stock as a trade at 33/32ish, if you can get it, with stops below pivotal point which is marked by the ad-hoc on friday late afternoon, e.g. 30.2.
FWB:SHFLong
by KhunSaeb
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