After a long correction Hudson Technologies seems to have completed a 3 waves move to the upside, (v) was a pip shy from the 61.8% Fib Ext ,volume is drying, RSI already making lower highs and MACD decreasing, there's a high chance of a correction, that would be Wave 4th. We should wait for a pullback then we could look for a trade to catch that 5th wave to the upside.
Huge growth in earnings and margins ahead. This is a $15.00 stock now.
labss
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This is where TA fails. And fundamentals are more important. HDSN is uniquely positioned to distribute and recycle refrigerants across the united states, shortages of supply and increase of demand will double profit margins, management is targeting long term clients over one offs for profit. This will reach $10 easily in a couple of years if not 20 or 30 in 5.