Long term play - 1 year chart shows clear cup and handle pattern. Expect short term upside of 2-4 and long term looking at 12-14. This is not trading advice, I am practicing my trade strategies, patterns and research. This upside may come sooner than anticipated with recent shipping container shortages. Bullish idea.
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I was massively wrong with this cup and handle pattern - this company is an enigma. Maybe in an earnings or two money will start flowing back in.
@thdehddns, having a similar view on this. If it approves support 0,64 we can see above 1,80$ easily (+/- 6 months)
thdehddns
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@melih7157 the price moved to down 0.64 below. I think 0.44 is next?
melih7157
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@thdehddns, I did buy at 0,57$ on the drop. But It didn't bounce back up to 0,64$ level like I anticipated and therefore very dangerous to hold. So I sold it. There is a huge chance it drops to 0,44 if it drops today below 0,56$ we might see 0.44 easily
thdehddns
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Hows going on? It is going down....
anschutz2
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@thdehddns, long thesis on this in my opinion. Q4 2020 earnings just released showing revenue increase. As reports continue to release that show continued revenue increase with the fleet expansion, I think the stock price will then catch up. Remember this is a year chart. Not financial advice just my opinion. I like the financials and direction of this company and I think it is a severely undervalued stock price at the moment from my perspective. I could be wrong but it will be interesting to see how the thesis plays out.