Make it or break it moment for $S

7월 22일

With the spectacular fall of CRWD last week I expect to be a decisive week for SentinelOne.

Scenario nr 1
Break out of the correction or for Bill O'Neill followers break out of the base.

Supporting evidence:

1. Fundamental. Better than expected earnings
The biggest competitor is having a terrible day

2. Rising MACD histogram on the weekly

3. MACD lines almost crossing

4. Force Index getting positive

5. Getting The Positive Direction Line above the Negative Directional Line will mean that the bullish traders dominate the market.

Scenario nr 2

Break out is not ready yet and we go back in the correction range evidenced on my graph by the parallel channel

Why?
Waiting for earnings confirmation?

Force Index above 0 is minor at this point a follow-up week will break the trend.

The stock needs to deal with the overhang supply. First hurdle, people who bought around the $22 price.