Elastic N.V.
Long
Updated

$ESTC Breakout of Pennant?

138
I've been watching ESTC for an entry on breakout of this pattern. If this can push above today's high, I'll be looking for an entry over $107.30 with a very tight stop below today's low. Target is back to previous high. All TBD. Ideas, not investing / trading advice.
Note
9/17 The general market weakness is taking it's toll on ESTC here. Hopefully I have drawn a down trend line for this one. From here I'll need a strong reversal and close over the 50 day to think about an entry. All TBD
Note
I meant to say "I hope I did not draw a downtrend line."

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