Short
SPLK popped on earnings. Can it continue?
SPLK had a very impressive beat on earnings and traders responded with buying pressure
to push price up more than 15%. The question now is whether SPLK can sustain the
new interest or will it fade or drop. My analysis is that best on the short term volume
profile compared with the longer term is that there was a lot of trading at the top as
new but late buyers competed with short sellers on price and so the price rise stalled.
As a result I see price consolidated here and suspect that short sellers will push price
down from here. I will have SPLK on watch for a stock short trade and put options as
it is apparent that traders overreacted to the earnings beat. Price is still above the
POC line on the stort term volume profile. Once it drops below, I will look for a short
entry on the 3-15 minute time frames.
to push price up more than 15%. The question now is whether SPLK can sustain the
new interest or will it fade or drop. My analysis is that best on the short term volume
profile compared with the longer term is that there was a lot of trading at the top as
new but late buyers competed with short sellers on price and so the price rise stalled.
As a result I see price consolidated here and suspect that short sellers will push price
down from here. I will have SPLK on watch for a stock short trade and put options as
it is apparent that traders overreacted to the earnings beat. Price is still above the
POC line on the stort term volume profile. Once it drops below, I will look for a short
entry on the 3-15 minute time frames.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.