DDOG - PEG Tightening (9/7/21)
Have traded this name and have been keeping a close eye since the PEG. It is currently acting exactly as I wanted it to holding the following criteria.
1) Above AVWAP
2) Declining ATR
3) Buyers stepping in at EMA
4) Along with ATR - volume drying up
We are also currently trading in somewhat of a range as indicated from the higher of the PEG and the low it put in 4 days after.
Personally I am waiting for a pullback in the market before I buy anything since I think the market is a little extended and the current environment in 2021 has been whippy I am not trusting any setup until the IWO / IWM breaks out.
1) Above AVWAP
2) Declining ATR
3) Buyers stepping in at EMA
4) Along with ATR - volume drying up
We are also currently trading in somewhat of a range as indicated from the higher of the PEG and the low it put in 4 days after.
Personally I am waiting for a pullback in the market before I buy anything since I think the market is a little extended and the current environment in 2021 has been whippy I am not trusting any setup until the IWO / IWM breaks out.
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