DDOG - Daily ichimoku shows strong upside momentum. I checked its chart in 45 minutes, 2 hours and 4 hours but nowhere to find a s/t turnaround. There is no gap needs to fill from past. A huge buys today was evidenced from unusual option activities too - May 15 $60 calls were bought 15K for $0.6 - $0.7. Earning release is on 5/11. So people are betting that its earning will be better than just nice. Why today? I think that it's from PTON's upside earning that PTON is one of large customers of DDOG. Nevertheless, DDOG is one of distinguished cloud market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.