It offers customizable tools for task management, team collaboration, and process automation across various industries and departments, allowing users to streamline their work processes and improve productivity. Industry giants like Coca-Cola, Hulu, and Adobe trust Monday.com for their operations. But it's not just about the client roster - its stock performance has been amazing. With a remarkable +40% gain this year, Monday.com (MNDY) has caught Wall Street's attention. The S.A.M. AI Scanner suggests more potential upside, identifying A+ setups including squeezes on 4-hour and 2-hour charts. MNDY's recent price action is particularly impressive: - Strong earnings response: Shares jumped from $225 to $260 on August 13.
- Consolidation phase: Four trading sessions of stability post-earnings.
- Approaching 52-week highs: Potential for a breakout.
This pattern - an earnings pop followed by consolidation - often precedes further upward movement. MNDY's chart suggests it's primed for such a move. Moreover, with the stock near its peak, there's minimal overhead resistance. No underwater shareholders are waiting to sell on the next rise, giving MNDY a clear path upward. Action Plan: Based on the S.A.M. AI Scanner's findings, I've opened a long position in MNDY. Given the stock's relatively high price, I've opted for call options to express this position. This strategy allows me to cap my risk while maintaining significant upside potential. Ready to elevate your trading game? Discover how the S.A.M. Scanner can transform your approach by clicking here. |
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