I'm quite new to this but I thought I'd share what I see in this stock and also as something to look back on.
My main idea is that the market is going into a horizontal wedge and may see a bullish breakthrough. The pattern has been pretty regular and even without the break, there can still be a good profit from its natural rise to around 9.4, which is also my first mark to take profit. However, my concern is that this wedge may lead to a bearish pennant so if anyone has any thoughts, i would appreciate it. If there is a bullish pennant, then I have decided to set my 2nd profit margin at 10, just below a possible resistance level.
Once again, I'm very new to this so I'd really like feedback on what people think about the stock!
Thank you
NASDAQ:SFT
My main idea is that the market is going into a horizontal wedge and may see a bullish breakthrough. The pattern has been pretty regular and even without the break, there can still be a good profit from its natural rise to around 9.4, which is also my first mark to take profit. However, my concern is that this wedge may lead to a bearish pennant so if anyone has any thoughts, i would appreciate it. If there is a bullish pennant, then I have decided to set my 2nd profit margin at 10, just below a possible resistance level.
Once again, I'm very new to this so I'd really like feedback on what people think about the stock!
Thank you
NASDAQ:SFT