There is a multi point downward trendline breakout on Axon Emterprise
Retracement is complete on daily and Weekly and it has recently moved above 200 SMA.
Revenues are increasing over the last few quarters and are consistent.
EBITDA margins have shown a good rise in the recent quarter.
With D/E ration falling consistently, Axon may show a great turnaround rally from here
Earnings are next month on 11th August and I beleive this will run up in anticipation from here.
To Buy Above 616
SL 594
Target 1 - 695
Target 2 - 795
Target 3 - 895
High current P/E needs risk management in case it fails
Retracement is complete on daily and Weekly and it has recently moved above 200 SMA.
Revenues are increasing over the last few quarters and are consistent.
EBITDA margins have shown a good rise in the recent quarter.
With D/E ration falling consistently, Axon may show a great turnaround rally from here
Earnings are next month on 11th August and I beleive this will run up in anticipation from here.
To Buy Above 616
SL 594
Target 1 - 695
Target 2 - 795
Target 3 - 895
High current P/E needs risk management in case it fails
Trade active
Entered at 535. Closing in on the first target now in a couple of days from initiating the trade.This is acting well.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.