I love how a single earnings can make a bearish looking chart/stock turn around ASAP. It was starting to look bearish for #Splunk with multiple rejections off the 200MA. Though the marketcap and market opportunity from my analysis made me bullish on the security (longterm). At times holding a technology/fundamental play can get tough, but i felt pretty disciplined about this position. #CyberSecurity #BigData are important macro themes especially for the enterprises out there.
I think prices can easily climb to $140+ in the coming weeks. :)
I think prices can easily climb to $140+ in the coming weeks. :)