⚠ Not a financial advice, just thoughts
High risk reward at this point IMO
We need to complete the inverted H&S by finishing the current corrective pattern then push for a wave 3.
With the amount of cash they have, the market should discount future acquisition revenue.
Short-term, I'd exit at 9$ when we complete the H&S. If we push higher after this, target for wave 5 would be minimum $19
Risky play, careful with this one.
High risk reward at this point IMO
We need to complete the inverted H&S by finishing the current corrective pattern then push for a wave 3.
With the amount of cash they have, the market should discount future acquisition revenue.
Short-term, I'd exit at 9$ when we complete the H&S. If we push higher after this, target for wave 5 would be minimum $19
Risky play, careful with this one.
Nota
Just want to clarify my english there> High risk reward at this point IMO
I mean that the risk reward ratio is interesting at this level
A comment on the SL: It may be too high, a real invalidation would be ~5.60 - that's where I'll put mine.
Trade safe
Dagangan aktif
The second assumption on the chart "possibility that we are still on wave 4" was correct - indeed we did made a lower low.Turns out management has been very disappointing on this one. Not able buy a single company. I will be waiting for their next report to see - It's unfortunate to see that the market has lost all trust in the management but understandable given it's been a year and no acquisition!
I will stay in the trade, as I still expect that it will take a single company to be bought to wake this chart up and bring a gigantic move to the upside.
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.