Software Growth Name Forms High Tight Bull Flag Setup
Datadog (DDOG) shares are forming a bullish flag at the top of the recent monthly value area and the new month starting with a buy trigger just above the 99 level for a potential explosive breakout setting up for a move to 107.50 which is a VPOC target above that likely acts as a magnet if prices can clear 100 and close above. RSI stayed above 50 during the recent pause and consolidation, which shows great relative strength for the software name that has been on fire since its earnings report in early May sent shares through its 200-day MA and into fresh 6-month highs.