Panjang
What a bargain, but not for long!
Taking a look at the monthly chart you can clearly see it's been in a downward channel for the last two years, but recently...
It broke that downtrend line, likely due to consistently beating expected earnings .
*NOTE: Today is earnings day - they are reporting after market close.
With a chart like that, the short term target is the Moving Average at ~$2.5. As for the long term, we can expect much higher prices given that there is a cup and handle pattern forming that could make this a real rocketship.
Based on past earnings days we expect it to rally into close, so unfortunately you have to make up your mind rather quickly :)
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Stay healthy and stay solvent.
It broke that downtrend line, likely due to consistently beating expected earnings .
*NOTE: Today is earnings day - they are reporting after market close.
With a chart like that, the short term target is the Moving Average at ~$2.5. As for the long term, we can expect much higher prices given that there is a cup and handle pattern forming that could make this a real rocketship.
Based on past earnings days we expect it to rally into close, so unfortunately you have to make up your mind rather quickly :)
----------------
Stay healthy and stay solvent.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.