Member Info for Sanchez599

https://www.lse.co.uk/rns/DARK/final-results-oz7tl4u6wn6sqq1.html

At this juncture, it is very worth re-reading the final results, especially in terms of revenue growth and ARR:-

41.3% year-on-year revenue growth

45.3% year-on-year growth in customer base

45.7% constant currency ARR growth

Remember these were released on a dip in SP to 620ish, I remember as I bought that dip! They then were deemed positive enough to drive the move to 1000p.

Outlook for 2022 was also increased:-

Darktrace is increasing its expectations for FY 2022 from those presented with its FY 2021 trading update. The Group has now confirmed strong sales trends exiting the second half of FY 2021, including a particularly strong June performance, and has seen early FY 2022 sales performance towards the upper end of its expectations. It is balancing this momentum with potential temporary sales productivity impacts that may occur as it evolves ways to expand and optimise its salesforce structure. These efforts will begin in the second quarter of FY 2022 and are intended to support anticipated growth and continued scaling of its business.

Darktrace now expects year-on-year revenue growth of between 35% and 37% (previously 29% to 32%), driven by a year-over year increase in constant currency ARR of between 34% and 36% (previously 32% to 34%)

I think that much of this performance data has been forgotten in the fall. As many investors will know, these things have a habit of snow balling and going too far (as they did on the way up also). Profitability isn't what a DT investor would be looking at, at this stage in the companies growth. All about market share and growth trajectory.

There was a seller down to 27p, which drove a technical retrace from the recent highs. There is still the odd 50k chunk going through, but the sells seem much more sporadic than before, therefore the demand / supply scales need less weight on the demand side to move up now. I expect as they continue to subside we will get further momentum for a push back to highs. Someone obviously bought all those shares too all the way down.
News well signposted for the new year. One of the most reliable and strongest performing shares of 2021 and has the potential to be the same in 2022. HNY

What is worth noting is the progression of the recent lows. Ultimately this is about making money, so the forming of a trend should be of interest to any who have that end game - 375, 400, 411, 414, 418.

Also a few interesting recent articles feat DT below.

https://www.helpnetsecurity.com/2021/12/22/cybercriminals-it-sector/

https://www.nextgov.com/ideas/2021/12/implications-publicly-disclosing-cyberattacks/360192/

https://www.infosecurity-magazine.com/opinions/fbi-hoax-blast-reveals-email/

https://blueally.com/blog-detail/ba-tuesday-tips-9-days-of-ransomware-how-ai-responds-at-every-stage/

https://www.darktrace.com/en/blog/detecting-and-responding-to-log-4-shell-in-the-wild/

Still ranging. I expect that this will continue until updates from co in Jan. Good to see a base now being built with a new recent high yesterday (since bottom of 375) and a higher low at yesterday's close. Promising signs. HNY

Cheers Hindy. Another shakeout today.

I would also love to see that double bottom and I have cash ready. There will be a lot of buyers hoping for that.

I get loads of people don't care for charts and it doesn't bother me in the slightest. Most people don't like what they don't understand. I researched DT heavily earlier this year and charts and research allowed me to ride one long position for a c 60% return and sell before the big pullback, and also make over 10 successful trades alongside that position with 0 losses. For me it's just another tool to become a better investor.

I have been waiting for this re-entry patiently for months. I am also very happy to see the share acting like it is because it is building a base properly, not just flying up and down.

Each to their own. Ultimately everyone can post what they want. There are also bound to be a mix of those locked in from higher levels who want to sell or talk the share down to try and lower their averages and new entrants with a more upbeat outlook. Takes everyone to make a market.

I am also fully prepared to be wrong, but so far so good.

There are mini shakeouts to release shares, steady rises that reflect a continual stream of new buyers and algo trading within a clear range to allow more to be bought (sold and rebought) without a big rise. It looks volatile but actually it really isn't at the moment. It is following a clear pattern. The lows are getting higher reflecting the steady accumulation.

The share price is consolidating/ranging. This is exactly what support looks like during accumulation. Smh.

Brilliant rebound from the 200MA. SP looking very well poised for a great start to the new year and NT to buy at 30p for me at present.

Hi Sheltie, I am very au fait with DarkTrace and have been following for most of the year, but thank you. I know the risks (and my own), the story, have a position, a point where I am wrong and a target so it's pretty much binary for me. Merely sharing my readings of the charts is all as that's what I use for buying and selling and monitoring progress. I don't expect it hold all of today's gains by any stretch, just to keep seeing moderate progress in its shift into consolidation and a move out of the downtrend. The new ranging that the SP is doing is the beginnings of evidence that some support is now being found and I am sure no one is under any illusions that it is anything other than that ATM.

If it retests 375, I will be adding.

For what it is worth I do think £13 is quite sporty. My own target is lower than that, for now.

Higher lows and selling easing off. Holding most of today's gains. Looks much better ATM. I know if you have a high average it is scant consolation, but it is really starting to take shape here now with some solid base building over the last few days.

Now the pattern is established it will be harder to get those sub 400's as more people wise up to what's going on. All about probability and given that it hasn't even retested 375, I would suggest the bottom is now in.

100% Munchbox. MKA will retest all time highs next year for sure. This has just been a healthy technical pullback that has landed precisely on a key moving average as expected. I'd like the seller to shift a few more!

MKA just bounced off the 200MA at 27.10 - it hasn't generally gone below this key support level. Managed to clear out what was available at 27.18 which was not much.

Hi Charles, there's loads of articles out there. They can be applied in many different ways, but if you want to buy and bash the price down and buy and bash the price down, that is one way they can be used. Also look for major confluences. Often what triggers those rebounds that most miss calling precisely after long downtrends.

Stage one accumulation. It's done the full 1-4 pattern now it's back at the beginning again. Shaking out at lows and being driven up and down by algos to keep allowing shares to be added in a cyclical pattern. Look at all the A trades and the big buys that keep popping up in trading and after hours. The 20ma coincides with a break of recent highs so that will signal a leg up.

Some decent newsflow would help.

Restaurant group is down 2%.... And looks like indoor hospitality will be closed from 27th..

Ranging at the moment. Looks like an accumulation pattern forming. Weak hands getting shaken and longer term hands building. Dark down more than IAG and NGHT, on a day where covid restrictions are being discussed... Sure, that seems legit.

Someone is definitely out to get the share price down to low 4's. I feel for whoever is selling at this SP, it's pitiful.

Nice intraday reversal. Above 8ema close (daily) looks on if we can avoid yesterdays fallback. Looking great on the higher time frames too. RSI getting first little shift up on the weekly since the October 18 peak and first bullish weekly candlestock since the falls began. Also note the drop in volume - this is important because it measn overhead supply that has been pushing the SP down is finally easing. Others will be noticing this...

Link to weekly:
https://ibb.co/TbkvfvV

Sheltie, agree 100%. No one should invest on a 1000p target when the SP is at 400p. I would say though, the PH had a hugely and deliberately detrimental impact on DT, so good to be at least cogniscent of them. If anything when they are negative is when they actually have the most impact.

FYI Jeffries have downgraded BooHoo this morning to 165p, so it's worth noting that they will downgrade is they feel the need to. Regardless, whether one believes Peel Hunt or Berenburg/Jeffries, all are above the current SP.

It is inevitable that the recent decline will have created negativity, attracted shorts, and that there will be overhead supply from people who are frustrated. However, the drops have slowed here and the SP is at present looking like it has some support. Proper reversals don't play out over an hour or two. They take a little time to establish. A positive is that it currently looks like today at least will see a higher low adding to yesterday's higher high.