Last Friday (2.28.2019), 
NTNX had a major gap-down making it a 40% decline YTD. From a fundamental investor perspective this looks quite attractive as it is down more than 20% on the year. However, from a technical trading perspective I think this security may see continuation to the downside in the coming trading days as it has gapped down on high volume and blown through prior support/resistance (support that was prior resistance and dated back to early IPO days).
As a hyperconverged data-center and enterprise solution provider at around $6B in market cap, I believe this security has a bright future (in several years and assuming global macro conditions sustains itself). Until then the short to mid term trading, i.e. days to weeks, looks to perform quite poorly. I would be eyeing this security at the 30s, but if it decides to hover above 35 then I think there is room for a quick retracement to the upside here.
youtu.be/56AfCB5H6vA
Preferred Trading Tools I Leverage:
• Finviz: finviz.com/?a=100613214
• GuruFocus: goo.gl/TxAFJQ
NTNX had a major gap-down making it a 40% decline YTD. From a fundamental investor perspective this looks quite attractive as it is down more than 20% on the year. However, from a technical trading perspective I think this security may see continuation to the downside in the coming trading days as it has gapped down on high volume and blown through prior support/resistance (support that was prior resistance and dated back to early IPO days). As a hyperconverged data-center and enterprise solution provider at around $6B in market cap, I believe this security has a bright future (in several years and assuming global macro conditions sustains itself). Until then the short to mid term trading, i.e. days to weeks, looks to perform quite poorly. I would be eyeing this security at the 30s, but if it decides to hover above 35 then I think there is room for a quick retracement to the upside here.
youtu.be/56AfCB5H6vA
Preferred Trading Tools I Leverage:
• Finviz: finviz.com/?a=100613214
• GuruFocus: goo.gl/TxAFJQ
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.