The Splunk doesn't smell anymore

٢٦ يناير ٢٠٢١

SPLK was a range reversal trade that was underwater for most of the month but is now beginning to show signs of life. I have moved my stop to the most recent swing low at 159 and I am still looking for the stock to fill the gap (185-205). Rate of change is slightly positive which is encouraging. Still a while until earnings so no major planned news coming. Hoping the technical continue to point to higher prices