Datadog (DDOG: NASDAQ)

Datadog has cemented its position as an industry leader when it comes to observability solutions in the tech space. This involves identifying problems or anomalies in various systems, servers, and apps and coming up with resolutions to address them. As technology continues to be adopted by more businesses, the importance of troubleshooting will only increase. Despite a slowdown in the tech sector, Datadog has managed to attract an impressive total of 23,200 customers and achieved an impressive growth rate of 23% in 2022. 

With all these impressive numbers in mind, it’s easy to see why we are bullish on DDOG, especially with the target set for above $83.00-$84.00, and an upside target of $128.00-$130.00.

Entegris (ENTG: NASDAQ)

ENTG has been making waves in the world of mergers and acquisitions recently. With their completion of a $5.7 billion acquisition of CMC Materials, they have proven themselves to be a major player in this arena. However, the company has also been focusing on expanding their manufacturing capabilities. Their new manufacturing facility in Taiwan is an impressive investment of $500 million, which will be used to increase production of advanced liquid filters, high-purity drums, and advanced deposition materials. 

We are certainly bullish on ENTG, but only as long as the stock remains above $91.00-$92.00. With our upside target set at $138.00-$140.00, we think that this is a stock that is definitely worth watching.

BTC/USDT

As the bulls not only trapped the short sellers but also broke the two-week range high of $27,500, bitcoin has surged over the last five days from $25,800 up to this morning’s high of $28,450. 

The daily falling resistance line for BTC, which dates back to mid-April, was rejected this morning, and it’s possible that the price may now drop to test the previous range high resistance of $27,500. Now, this will act as support. If support is found there, there is a chance that bitcoin may test the next area of resistance, which is between $28,800 and $30,500.

The next level of support is at $26,619 if the $27,500 level fails to act as support. Below that is the main support level, which is between $23,800 and $25,300. Most buyers are eagerly awaiting the price testing this level, but it hasn’t as of yet.

LTC/USDT

LTC’s halving event is scheduled for the first week of August. Typically, prices tend to rally a few weeks prior to such big events before witnessing a sell-off. So, we suspect that LTC may still have a few more weeks of upward movement before a substantial price crash.

LTC’s price increased over the past week, rising from about $82.50 to yesterday’s high of $92.00 before hitting resistance. LTC may retest the $92.00 – $93.00 resistance range and the daily falling resistance line if it can find support at this level. The range high of $100 to $102 will be the next objective if the price manages to overcome this obstacle.

We’ll be actively monitoring LTC during the following four weeks. The next significant resistance to be on watch for is at $140 if the price breaks through the $102 resistance.