$CommVault Systems (CVLT.US)$ The risk level for CVLT stands...
The risk level for CVLT stands at 5, indicating a moderately risky investment for swing traders. This risk assessment takes into account the stock's recent volatility and near 52-week high position, suggesting potential for continued upward momentum. Though the company demonstrates financial health with profitability and positive earnings, the lack of a strong support level means traders must remain cautious of potential price swings. The positive catalyst does provide some reassurance of stability and momentum. However, given that the technology sector's hotness is relatively low, an added layer of caution is recommended for those considering entering positions.
Levels
Support Level: The identified temporary support is around $165.73, but it's less defined, requiring close monitoring.
Resistance Level: Resistance is soft at the recent high of $171.265, and traders might watch the $175.00 level for a breakout opportunity.
Support Level: The identified temporary support is around $165.73, but it's less defined, requiring close monitoring.
Resistance Level: Resistance is soft at the recent high of $171.265, and traders might watch the $175.00 level for a breakout opportunity.
Strategy
Entry :$175
🛑: 152.571
Exit: $257.264
Allocation : 21%
R:R= 1:3.67
The opportunity is strong enough to warrant action, assuming disciplined risk management remains a priority.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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#part time trader trying so hard to make full time income whatever strategy works then I don’t have to work anymore.
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