We are likely to see the chart test the second uptrend before resuming trend upwards. Trend SHOULD continue, but will hit resistance at $69, and $76.00. This will most likely bounce from these levels, and test lows again. If financial reports are positive, expect trend to continue.
If price reverses, expect drop down to $56 and $50 respectively. This would make an EXCELLENT buy in point. So watch very closely for reversal patterns, or to see if pattern breaks uptrend. We should expect major resistance at these levels, and a continuation of previous trend upwards. To play the Fibonacci patterns, we would LIKE to see a bounce off the 50% or 61.8% lines, which we would then use as our buy in levels ($50).
"For the three months ended September 30th, 2017 vs September 30th, 2016, Mazor Robotics reported revenue of $17.20MM vs $7.63MM (up 125.39%) and basic per share -$0.15 vs -$0.16. For the twelve months ended December 31st, 2017 vs December 31st, 2016, Mazor Robotics reported revenue of $64.95MM vs $36.38MM (up 78.53%) and basic per share -$0.51 vs -$0.84. Mazor Robotics is expected to report on May 9th , 2018. The report will be for the fiscal period ending March 31st, 2018. The reported EPS for the same quarter last year was -$0.22. The estimated EPS forecast for the next fiscal year is $0.76 and is expected to report on February 13th, 2019." -Yahoo Finance.
PLEASE reach out with what you see. This stock is new to me, but I have gotten quite interested as of lately. I do not read into how the news may affect the price for this chart, I just chart trends, patterns, and potential breakouts, based on trends available. Cheers!
Feel free to correct me.