Even after a couple earnings beats in a row 
ESTC has slipped below the bottom edge of a large symmetrical triangle.
Drilling into a daily chart and squinting a bit, there's a mild bullish momentum divergence. Hard to say if the bottom is in just yet, but it does look like one to put on the watch list.
WhenESTC swings into an uptrend, which could be just months away, the upside potential could be substantial.
ESTC has slipped below the bottom edge of a large symmetrical triangle.Drilling into a daily chart and squinting a bit, there's a mild bullish momentum divergence. Hard to say if the bottom is in just yet, but it does look like one to put on the watch list.
When
ESTC swings into an uptrend, which could be just months away, the upside potential could be substantial.Nota
Really nice breakout, that looks to be consolidating in prep for the next leg up
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Follow me on X for all my thoughts on the markets!
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Signup with my Robinhood link and we'll both pick our own gift stock 🎁
bit.ly/4cm60iA
Use my link to get a Tradingview deal!
bit.ly/46wEqLE
x.com/quickshiftinn
Signup with my Robinhood link and we'll both pick our own gift stock 🎁
bit.ly/4cm60iA
Use my link to get a Tradingview deal!
bit.ly/46wEqLE
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.