Even after a couple earnings beats in a row 
ESTC has slipped below the bottom edge of a large symmetrical triangle.
Drilling into a daily chart and squinting a bit, there's a mild bullish momentum divergence. Hard to say if the bottom is in just yet, but it does look like one to put on the watch list.
WhenESTC swings into an uptrend, which could be just months away, the upside potential could be substantial.
ESTC has slipped below the bottom edge of a large symmetrical triangle.Drilling into a daily chart and squinting a bit, there's a mild bullish momentum divergence. Hard to say if the bottom is in just yet, but it does look like one to put on the watch list.
When
ESTC swings into an uptrend, which could be just months away, the upside potential could be substantial.Catatan
Really nice breakout, that looks to be consolidating in prep for the next leg up
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