Hey all,
Materialse really got struck hard by the Feb-March tech sell -off.
The stock is now trading and found support once again around the 30.5$ range, which hasn't been broken since september 2020, despite multiple tests.
Fundamentally this is still a speculative play, but I see this sector growing further in 2021, and MTLS is positioned perfectly for a rebound back towards ATHs.
Would love to hear if anyone has any counterarguments!
T1: 46$ (~42% upside)
T2: 52.70$ (~64% upside)
T3: 81.80$ ATHs (~152% upside)
SL: 28.30$ (~12% downside)
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Materialse really got struck hard by the Feb-March tech sell -off.
The stock is now trading and found support once again around the 30.5$ range, which hasn't been broken since september 2020, despite multiple tests.
Fundamentally this is still a speculative play, but I see this sector growing further in 2021, and MTLS is positioned perfectly for a rebound back towards ATHs.
Would love to hear if anyone has any counterarguments!
T1: 46$ (~42% upside)
T2: 52.70$ (~64% upside)
T3: 81.80$ ATHs (~152% upside)
SL: 28.30$ (~12% downside)
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Nota
If we bounce from here yet another touch of support I would be extremely bullish. Issue is i'm quite confident we're going to lose 30.20$ support...
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.