Dynatrace (DT) - Pullback & Long Setup

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I've been leaning bear for so many weeks now that I'm already looking for growth names to go long on after a much-needed pullback across indices.

Before the long entry, though, it is advisable to wait patiently for a pullback. As much as it sucks, the equities market will likely experience either a sizeable correction or short-term crash due to sustained, extreme topping action over the past several months.

Easy monetary policy makes it tempting to long hyper-growth tech companies like DT as soon as the next session starts, but it will be difficult to continue at such a sharp pace without the requisite technical pullback to support it.

That said, DT is poised to become a multi-bagger if it reports yet another stellar report in mid-May. Both the top and bottom line growth is nothing short of stunning so far, and I believe that this trend should continue. In fact, I'd be not-so-surprised to see over 1.00 /share this time, next year.

Thus, I am posting a future Pig-Play in advance because:

a) this will certainly become one, and
b) I'm sick of leaning bear already (even though the market is still VERY MUCH bearish)

Wait for the pullback, don't wait for the pullback, it doesn't much matter if you're holding til 2050 since this will be triple digits per share by then anyway.

-DynaPig


DT
DT

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I would much prefer this to consolidate for a longer period of time, so that it is perfectly aligned for a proper bull run. If this continues against the broader market, it may damage the chart's baseline technicals and subsequently cause delayed breakouts going forward.

I hope this stock has the patience it needs to become a top growth pick for when the time comes - at this rate, it will need to start on that path very soon.

Ill probably long this as a tiny hedge against my near-saturated bearish net position if it gaps up tomorrow. Otherwise, wait for this to pullback with the broader market before blind-longing.
artificial_intelligencebuythepullbackdtlongdynatraceEarningsfuturebullGrowthTrend Lines

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