High-Risk Long on Sentinel One Inc. (Ticker S)

4h - 1D timeframe

Technicals:

- strong recovery to bottom zone of 3-Y horizontal channel
- support on 14.45 activated after stop-loss orders collection
- 14.59 - 14.53 zone gap can be still closed
- 2 bars close above 15.45 opens upswing to 19.00 - 20.00 resistance zone
- on the way to 19 the 200-day moving average at around 16.80 novadays may challenge the price movement

- scenario invalidated of no 2 bar close above ressistance on 15.45
- close below 14.20 opens short to 12.76, which due to long-term bearish trend is quite realistic

Fundamentals:

- company specializes in cloud cybersecurity and data protection, ensuring demand for its product suite
- there are concerns regarding the company's profitability, despite the corrective growth, as the company is still unprofitable
- due to the company's youth, risks are high, but so is the growth potential
- last but not least - a key driver for recent upswing: Citron Research issued a bullish report on Jan 28, calling S a "coiled spring" and citing its AI security edge

Conclusion:

- In the short-to-medium term, while following risk management, I place a speculative bet on a technical rebound
- breaking $15.45 could trigger a short squeeze toward $17.00, in best case $19.00
- failure to break $15.45 suggests a return to the $13.46 lows or your $12.76 target

# - - - - -
⚠️ Signal - (HIGH RISK) Buy ⬆️
✅ Entry Point Term - 15.11
# - - - - -
🛑 SL - 14.12
🤑 TP 1 at 16.75 - 17.00 if squeeze, TP All - 19.06,
⚙️ Risk/Reward - 1 : 4.1 👌
⌛️ Timeframe - 5 months 🗓
# - - - - -

Good Luck! ☺️

DISCLAIMER: Not financial advice. Everyone must make trading decisions at their own risk, guided only by their own criteria and strategy for opening or not opening a trade.

İşlem kapandı: durdurma seviyesi

TotSamiyKaa

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

TotSamiyKaa

Visit my Risk Enforcement App → mywarner.app/
Follow me on Telegram → t.me/totsamiykaa
Watch me on YT → youtube.com/@totsamiykaa
See me on Threads → threads.com/@totsamiykaa

Aynı zamanda::