We have seen a 6 month retrenchment and the MACD has turned. We are in for 6 month advance that should take us 40-50% higher.
This stock is my favorite trading stock because it's movement is predictable because the stock is selling at 4 times earnings. The move from 2.80 to 4.00 - 4.30 has started. I would watch the MACD and when the turn comes take profit on 50% and look to buy it back at $3.10 - $3.30
Eventually Karora will reach $6-$8 but the growth story has just begun. Multiple analysis follow the stock and recommend a buy but the funds do not own a large portion of the company. When the funds control 50+ % I will move on to another company.
This stock is my favorite trading stock because it's movement is predictable because the stock is selling at 4 times earnings. The move from 2.80 to 4.00 - 4.30 has started. I would watch the MACD and when the turn comes take profit on 50% and look to buy it back at $3.10 - $3.30
Eventually Karora will reach $6-$8 but the growth story has just begun. Multiple analysis follow the stock and recommend a buy but the funds do not own a large portion of the company. When the funds control 50+ % I will move on to another company.
Comment:
We have complete the first step by making two successive new highs. I will continue holding expecting $6 by the end of 2022 or early 2023