Broke out of triangle at 3 Feb and forming an ascending triangle now. It has dipped despite of good earnings result which is likely due to people selling after the news. Regardless of the technical I think this is an undervalued stock.
I believe this will recover and break towards the upside and is at a good entry price currently.
@josedelorenzotabales, Hey I have replied to another comment as well, see below. My analysis was wrong, but I'm holding for the longer term :)
Vilojkk
⋅
On reflection with the current value would you still stand by the analysis and see an opportunity to recover?
trilliondollar
⋅
@Vilojkk, My analysis and patterns have failed so I don't stand by the same target of 2~4 months $70. However, I still think the company is a good investment and will reach $70 based on value and fundamentals, albeit slower :).
Short term I am bearish on the overall market until late March and would only average down nearer around $26 if it ever goes there.