As the coronavirus continues to destroy the economy, trends have ended and new ones have emerged. In the stock market, there is a new leader: Data Dog ($DDOG) a cloud company. The company dazzled in earnings, which showed a very powerful breakout in its stock chart. Take a look at the RSI indicator above, showing pure strength, and a beautiful gap up making new all-time highs. This is not the only cloud company that broke out as Twillo ($TWLO) and Fastly ($FSLY) broke out as well.
The cleaner chart, in my opinion, is $DDOG, which I believe should be bought on weakness, look for this stock to continue higher in the upcoming months.
