Panjang
Price Trend Watch
This company has great fundamentals. Price to Earnings: 1.88 & Earnings/Share (ttm): 2.01 Financial statements indicates positive income statements. Analysts target price is $4.00, Average trading volume is 2.00M +, so liquidity will not be an issue.
On the Technical aspect, it follows closely to weekly price trend. Trades in upper Bollinger Bands. Opens low and trends positively throughout each day. I made projections each day as I tracked it and left it unchanged. It appears to track nicely in an ABCD pattern overlay, currently breaking yearly resistance at $3.80. I suspect its positive fundamentals and FDA approvals in US and European H&S to be the driving forces.
Considering enter position at $3.80-3.85 or do so on the dip-buy 04/28/16 at open.
On the Technical aspect, it follows closely to weekly price trend. Trades in upper Bollinger Bands. Opens low and trends positively throughout each day. I made projections each day as I tracked it and left it unchanged. It appears to track nicely in an ABCD pattern overlay, currently breaking yearly resistance at $3.80. I suspect its positive fundamentals and FDA approvals in US and European H&S to be the driving forces.
Considering enter position at $3.80-3.85 or do so on the dip-buy 04/28/16 at open.
Nota
Pre-market and Open tracked low today, hesitant all morning to jump in. Currently it sits the top slots of watchlist, if trendline strategy adheres, potential entry could be $3.75 to ride momentum.
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.