Morning Trend | Yext platform poised for action, is a rebound expected after high-level fluctuations?
Yext (YEXT.US) has recently been in a platform oscillation range, but the bottom support continues to strengthen. The willingness of funds to test has been rising, and the signs of main force accumulation are becoming more apparent. Especially since this week, the net inflow of large orders has gradually increased, and the bullish sentiment in community forums is growing stronger. Many traders are optimistic about its "washing and accumulating power before counterattack" rhythm, with short-term opportunities emerging. From a technical perspective, YEXT is currently under pressure from the six-month moving average, having faced multiple obstacles in its upward attempts but has not fallen below the 20-day moving average, indicating effective support. As long as there are no incremental breakdowns with bearish candles in the short term, the platform oscillation is expected to continue. The concentrated turnover indicates that the main force is repeatedly changing positions, and an attack may be launched at any time. If it can break through the upper limit of $7.2 with increased volume today, the short-term space is expected to open up quickly. In terms of market news, YEXT has recently exhausted its negative news, and the industry's fundamental expectations are improving, with some mainstream institutions beginning to make small exploratory positions. Pay attention to the flow of funds during the day, especially the large orders' tug-of-war, to capture the main force's acceleration. It is not ruled out that there may be false moves during the day to induce short-term washing, so it is recommended to set the stop-loss level at around $6.9. Overall, YEXT has likely entered a turning point after high-level oscillation consumption. Short-term traders should focus on tracking volume and intraday anomalies, following the trend after a platform breakout, and decisively exit if there is a weak pullback
Yext (YEXT.US) has recently been in a platform oscillation range, but the bottom support continues to strengthen. The willingness of funds to test has been gradually increasing during the day, and the signs of main force accumulation are becoming more apparent. Especially since this week, the net inflow of large orders has been gradually rising, and the bullish sentiment in community forums is growing stronger. Many traders are optimistic about its "washing and accumulating power before counterattack" rhythm, with short-term opportunities emerging.
From a technical perspective, YEXT is currently under pressure from the six-month moving average, having been blocked multiple times during upward attempts but has not fallen below the 20-day moving average, indicating effective support. As long as there are no incremental breakdown bearish candles in the short term, the platform oscillation is expected to continue. The concentrated turnover indicates that the main force is repeatedly changing positions, and an attack may be launched at any time. If it can break through the upper limit of $7.2 with increased volume today, the short-term space is expected to open up quickly.
In terms of market news, YEXT has recently exhausted its negative news, and the industry fundamentals are expected to improve, with some mainstream institutions also beginning to make small exploratory positions. Pay attention to the flow of funds during the day, especially the large orders' bullish and bearish confrontations, to capture the main force's accelerated movements. It is not ruled out that there may be false moves during the day that could trigger short-term washing, so it is recommended to set a stop-loss at around $6.9.
Overall, YEXT has likely entered a turning point after high-level oscillation consumption. Short-term traders should focus on tracking volume and intraday anomalies, following the trend after a platform breakout, and decisively exit if there is a weak pullback
