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Freshworks: Why you should consider this company as a good buy.Hello, Today we shall be looking at Freshworks. Freshworks, Inc. is a software development company, which engages in software-as-a-service products. Its products include Fresh desk, Fresh service, Fresh sales, Fresh marketer, and Fresh team. You can find more details on the company here www.tradingview.com TECHNICAL ANALYSIS- Checklist Structure drawing (Trend line drawing on past price chart data)- As shown in chart below Patterns identification (Naming patterns on past price chart data for future wave)- The price is correcting & forming a flat pattern Future indication (Reading indicator for future wave)- 0 crossover on MACD Future wave (Drawing on future price chart using future indication from indicator)- As shown in the chart below Future reversal point (Identifying trend reversal point on price chart using structure)- Target at the top as shown This is as shown here: Third Quarter 2024 Financial Summary Results Revenue: Total revenue was $186.6 million, representing growth of 22% compared to total revenue of $153.6 million in the third quarter of 2023, and 22% adjusting for constant currency. GAAP (Loss) from Operations: GAAP (loss) from operations was $(38.9) million, compared to $(38.7) million in the third quarter of 2023. GAAP Net (Loss) Per Share: GAAP basic and diluted net (loss) per share was $(0.10) based on 302.1 million weighted-average shares outstanding, compared to $(0.11) based on 294.1 million weighted-average shares outstanding in the third quarter of 2023. Non-GAAP Net Income Per Share: Non-GAAP diluted net income per share was $0.11 based on 302.7 million weighted-average shares outstanding, compared to $0.08 based on 302.6 million weighted-average shares outstanding in the third quarter of 2023. Net Cash Provided by Operating Activities: Net cash provided by operating activities was $42.3 million, compared to $23.9 million in the third quarter of 2023. Free Cash Flow: Free cash flow was $40.1 million, compared to $22.1 million in the third quarter of 2023. Cash, Cash Equivalents and Marketable Securities: Cash, cash equivalents, and marketable securities were $1.05 billion as of September 30, 2024. To follow on company news see www.tradingview.com Our recommendation Freshworks is strategically positioned for future growth. Over the past five years, its revenue has consistently increased, and the company is showing promising signs of nearing profitability. Achieving profitability will unlock additional cash flow, enabling Freshworks to reinvest in its operations and expand into untapped markets, fueling long-term growth. From a technical analysis perspective, the stock has been consolidating in a sideways correction over the past two years, reflecting a period of accumulation. Recent momentum peaked in October 2024 and the stock rose over 50% in a few days, with clear indications of a potential breakout as investor interest intensifies. In the shorter timeframe, a minor correction appears currently underway, presenting an attractive entry point for new investors around the $15 level. With a medium-term target of $24, this setup offers a compelling opportunity for value-seeking investors looking to capitalize on Freshworks' upward trajectory. Our recommendation is a strong buy on this stock at the current areas with a target of $24 per share. Current price: $16.41 (11th December 2024)
NASDAQ:FRSHLong
by thesharkke
10
Strax/USDT %400 Daily Volume Increase!STRAX/USDT has experienced a notable 400% increase in daily volume, which is worth monitoring. However, given the broader market downturn, it would be more prudent to focus on extreme demand areas for potential opportunities. I’ve identified the blue boxes as key zones to watch. That said, I plan to approach this with caution and avoid taking excessive risks in this uncertain market environment. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
Long
by XU99
What I Expect Through The New Year Absent A Government Shutdown.Traders, minus a government shutdown, I do expect another altcoin pump. However, the possibility of a shutdown is throwing a big wrench into my thesis. We'll talk about how price action would look in both scenarios as well as discuss the new crypto cycle rotation. You should get to know this new rotation to remain most successful in your trading. As always, we'll start with the DXY, VIX, SPY, and NVDA and discuss future direction and what it means for our crypto space.
COINBASE:SOLUSD
by stewdamus
2
KINBTC ..1H. AND DAILYIf the daily candle closes below 99600, the expected move in the daily timeframe is up to 85300, but in the one-hour timeframe, if 97800 is touched first, there is a high probability of an increase to the specified range, and conversely, if it reaches the upper box first, it can be sold. The closing of the daily candle today can help in identifying the path. The previous analysis path has been slightly shifted for better identification. This is just a possibility.
by kingbtc3
6
SRF Good to rally up if holds above 2355 on daily chartNSE:SRF has broken out of a downtrend with strong buying momentum. The breakout indicates a potential upward move. - The price has decisively crossed the trendline, confirming bullish sentiment. - Increasing volume on the breakout confirms participation by buyers. Entry Point: Around 2,325 INR (current level or on slight pullback). Stop-Loss: 2,220 INR (below recent swing low). Targets: Target 1: 2,500 INR. Target 2: 2,625 INR. Monitor the price action closely for sustained momentum above the breakout zone. 🔴 Disclaimer - Not a Buy/Sell Recommendation. TrendX Institute of Technical Analysis (A Unit of Candlestick Institute OPC Pvt Ltd.) GSTIN NO. - 07AALCC8499B1ZA
NSE:SRFLong
by Trendxinc
NVIDIA to ATH $153 until end of 2024 (16% ROI)With NASDAQ:NVDA , we are currently in a promising position to see a final exaggeration into the end of the year. The stock has risen over 180% percent in 2024 and I think we have a good chance to make 200% out of that. Looking at the chart we can see a clear uptrend trendline starting in August this year with multiple touchpoints along the line. Since October we're consolidating within the range from $131 to $153. After touching the trendline on thursday last week we're good to go higher (at least for now). Resistance will be the current ATH at $153. If we fail to hold the level at $131 on the daily chart the trade will be invalidated. That leaves us with 16.54% ROI in total. Target Zone $153.00 Support Zone $131.00
NASDAQ:NVDALong
by LGNDRY-Capital
4
USDCAD Is Still BullishAfter the USDCAD had recently risen significantly, the exchange rate is now correcting. This healthy movement offers us the opportunity to enter a new long position in the bullish order block. The momentum in USDCAD is clearly pointing upwards in the medium to long term and retailer sentiment is decidedly bearish, which suggests a further bullish impulse. A bearish order block just below the recent highs would be a good price target for a long trade.
Long
by Ochlokrat
$XRP is less affected by the correctionCRYPTOCAP:XRP has reacted less violently to the correction and actually still has quite a nice resistance at which it rests. MARKETSCOM:RIPPLE also did not have to correct this far as it had already completed the correction earlier. I don't want to say that we won't go back to position 2, but for now it seems to be holding up well. Certainly if Bitcoin no longer retests, it seems to me that the bottom has been hit again. More about MARKETSCOM:RIPPLE later Be kind to the world and each other!
BINANCE:XRPUSD
by RidgerR
3
APPLE: Warning. Potential strong correction ahead.Apple is bullish on its 1D technical outlook (RSI = 67.500, MACD = 4.850, ADX = 85.805) as it has been rising nonstop since November 4th and the U.S. elections. Yesterday's high though, hit the top of the 2 year Channel Up and the 2.0 Fibonacci extension from October's High-Low, with the 1D RSI reaching overbought levels. The last time we saw this exact combination of events was 1 year ago on the December 14th 2023 High. The result was a price correction to the October 2023 Low (S1). As long as the price doesn't make a new High, we are bearish on Apple, aiming at the S1 level (TP = 220.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AAPLShort
by InvestingScope
WAHN - PSX - LONG SWING Trade OpportunityFundamentally company is growing as it is producing chemicals used in ammo manufacturing of POFs; besides it is Commercial Selling front-end of POFs products. Backing by Min of Defence Production is another plus; therefore, no shortage of Cash Flow (despite what their Financial Statement says). On going war in Europ is very beneficial for this company as it has huge number of orders pre-hand. Last year company gave huge dividends and once again it has given 100% dividend as well due in Oct 2024. Technically, on Monthly TF Cup & handle formation is in making which indicates a bull run condition. The Bull run on Daily TF has also begun. On Daily TF AB=CD pattern has been drawn for taking quick profits in a couple of weeks. Therefore, instant Buy at around 220 can be initiated and TP be set at around Rs 270 ~ 280. However, it is expected that it should be reaching previous all-time high of Rs 369 by May~Jun 2025. One can book profit at that time and re-enter in Buying once price drops to Fib 0.382 level on Monthly TF (Rs 280.91). Then next Bull run is expected to take its price to Rs 600 by end Sep 2026. Disclaimer : This is not a financial advice; it is being shared for the education purposes only. Take trade as per your own analysis.
PSX:WAHNLong
by Golden_Spur
SOLANA SHORT (1-2 weeks)hI, Solana is in a bullish flag formation? or in a descending channel? My opinion is that there a big chances this pattern formation is descending channel. 1. The volume is descending as the price test the LH that is also the 3rd retest of the resistance line at 234$ 2. We see that resent head & shoulders is break at pivot line and the price fall again form this pivot. 3.As a channel need a strong support like older support lines. Entry 1 at 221$ Entry 2 at 231$ Stop at 238.6$ Target 1 211$ (new high support) Target 2 195$ (old high support) Target 3 179$ ( latest pattern support )
Short
by Gozikou
2
BTCUSD - Bitcoin's global uptrend is complete.BTCUSD - Bitcoin's global uptrend is complete. the global uptrend on Bitcoin (BTC) has come to an end. This point of view has caused an active discussion among traders and investors, especially after key support levels were broken and the market entered a prolonged correction phase. The main arguments of the “wave-watchers” Completion of the 5th Elliott Wave According to Elliott's theory, the global uptrend consists of five waves: three impulsive and two corrective. Some analysts argue that the fifth wave ended at Bitcoin's all-time high around $69,000 in 2021, after which a long correction cycle began. ABC-shaped correction development After the completion of the fifth wave, the market may form a correction in the form of three waves (ABC). Bitcoin's current dynamics, including the price decline in 2022, is seen as the realization of this correction structure. Loss of key support levels Levels that used to serve as strong support (e.g. $30,000 and $20,000) have been broken. This reinforces the view that the market is already out of its global bullish trend phase. Declining institutional interest Many large investors have slowed down their investments in Bitcoin, which also indicates a possible downturn in the long-term uptrend. What to expect next? Wave structure The current correction may be temporary and the market will enter a new phase of growth (the beginning of a new cycle of waves). Key levels to confirm the trend If the price comes back and consolidates above $30,000-$35,000, it will be a strong signal of bullish trend continuation. A move below $10,000 could confirm the end of the global uptrend. Long-term outlook Bitcoin is still an attractive asset to hedge, especially given its limited supply (21 million coins).
CRYPTO:BTCUSDShort
by Trade_Hive_Signals
1