First target is $160. Why? This is where long-term support is at (How do I know? I'm not telling).
Bullish momentum has largely been subdued in the last 2 years. We have just finished the consolidation phase and have began the descent about 2 months ago.
My first target is actually the most 'conservative' target as I think sub $150 is also likely.
There is indeed a possibility that we may climb and test $210 ish, but right now things are pointing south.
Disclaimer: I have no idea about the fundamentals of this company. A friend of mine told me to analyze it so I did.
Bullish momentum has largely been subdued in the last 2 years. We have just finished the consolidation phase and have began the descent about 2 months ago.
My first target is actually the most 'conservative' target as I think sub $150 is also likely.
There is indeed a possibility that we may climb and test $210 ish, but right now things are pointing south.
Disclaimer: I have no idea about the fundamentals of this company. A friend of mine told me to analyze it so I did.
Nota
Don't be afraid of simple charts :)
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.