jaxdog

$CFLT Flat IPO Base? Watchlist Name.

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NASDAQ:CFLT   Confluent, Inc.
$CFLT Here’s one for your watchlist. It looks to me that this has been consolidating in a stage 1 base for 20 weeks and has just moved sideways in a down market. To me this is showing some relative strength. This is not ready yet but if / when it moves above the down trendline, I will likely start a small position and add once it moves with volume above the 30 week MA. See chart for notes.
Ideas, not investing / trading advice. CFLT has an impressive client list including TSLA, LOWES, CITI and many more.

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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