Gitlab ~ An Early Investment

Actualizado
Fundamentals:
The Google-Gitlab partnership improved the fundamentals of this company. Earnings and sales are growing. It is not what I classify as a super stock yet. Cashflow is still negative, as it is still early. It IPOed two years ago. A growing amount of funds are accumulating this stock. However, sales are not accelerating yet and there are some data lacking.


Technicals:
Price is currently at the bottom of a weekly consolidation pattern, hitting the weekly kijun.
H&S pattern forming with good volume.
Weekly kijun rejection+50% fib support

Trade Plan:
H&S pattern - entered in the cloud at the kijun rejection. Price is, also, in the weekly cloud, signifying consolidation.

Waiting for the cloud breakout above to add 0.05% risk.

Price Target:
68 and 140
Nota
Moved stop to breakeven
Chart PatternsFundamental Analysisgitlab

Exención de responsabilidad