SMAR /confirming pullback

٦ ديسمبر ٢٠١٩

Technical analysis

• 200sma & 100sma are now working as our support. This is specially important as they just recently reported earnings (check fundamental analysis below).
  
  
• There is also a Fibonacci confluence setting support at $43.
  
  
• Risk-reward-ratio ---> 3.5:1
  Entry ---> $44.5
  Profit-exit ---> $54
  Stop-loss ---> $41.89
  
  
• Next short-term resistance ---> $47.5
  
• Support after our stop-loss ---> $40.5 = 50sma
  

Fundamental analysis

• Smartsheet beats by $0.03, beats on revs; guides Q4 (Jan) EPS in-line, revs in-line.
  
  
• SMAR reported 3rd Quarter 2020 diluted losses (ex-items) of $0.25 per share. This missed last year's same period results by 63%.
  

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