Crazy talks apart - weather, number of clients, too big to fail etc,
On pure technical analysis, the stock is on a small uptrend with a bull flag formation. Volume on the sell and buy side is low and neutral, meaning there is not much volatility - which means it is on accumulation phase.
A breakdown at these levels will bring the price to 6.40 and 5.90.
Breakout at 7.75 with volume (ending the day above 7.75) will push the next target to 8.55ish and a previous gap fill of 8.95
On pure technical analysis, the stock is on a small uptrend with a bull flag formation. Volume on the sell and buy side is low and neutral, meaning there is not much volatility - which means it is on accumulation phase.
A breakdown at these levels will bring the price to 6.40 and 5.90.
Breakout at 7.75 with volume (ending the day above 7.75) will push the next target to 8.55ish and a previous gap fill of 8.95
Comment:
Reached first prerequisite of staying above 7.75 by end of day. Next tgt is 8.30 and 8.90
Comment:
First target 8.30ish reached, next is 8.90
Comment:
Reached second target of 9.30. the final target of 10.40 and reached 10.20. It's safe to exit the trade at 10.20 - 10.50 range and wait for consolidation before next move.
Stop below 6.40