CCOI , Ready for a bullish reversal soon.
I believe CCOI is a great low Rsi reversal play. Also, in my opinion, the recent earnings reports are actually not that bad. They came in with a positive EPS of 0.18, which is 21.55% lower than estimated but they still had positive earnings. Taking into account the low Rsi ,extremely bullish put/call ratio and overreaction on the earnings report, I think I see a great potential for a nice price reversal here .
Shorter term Fibonacci price targets assuming a bullish trend :
Target 1 : Around $72
Target 2 : Around $76
# Watch the RSI levels too though ....
Call/Put ratio as per options is 0.31 ( bullish )
Call volume is high and put volume is low .
Shorter term Fibonacci price targets assuming a bullish trend :
Target 1 : Around $72
Target 2 : Around $76
# Watch the RSI levels too though ....
Call/Put ratio as per options is 0.31 ( bullish )
Call volume is high and put volume is low .
艾力克~
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