Bought it at 2.07 on Thursday for breakout.
Had a target of 3, however it still looks strong.
It has consolidated to 2.55, seems like a great dip buy price.
Real support is 2.
It may redraw down to support, before going higher, you can choose whether you would prefer to ride it out, or cash out, maybe it would be beneficial to wait, as it did just hit a 2 year high and was rejected... Though it could again shoot up to 3.2 if not 4 in the coming days. I did realize a gain at $3, on part of my position.
Fundamentally looks good, the past two quarters the company finally turned a profit. The price to revenue etc, looks very undervalued for the current bloated market.
Price to Revenue Ratio (TTM)
0.8074
Price to Book (FY)
2.9221
Price to Sales (FY)
0.7816
In most companies I look at Price to revenue is 10x now, so this is very low. Meaning way undervalue. This looks like a strong hold until they report a quarterly loss again...
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
Had a target of 3, however it still looks strong.
It has consolidated to 2.55, seems like a great dip buy price.
Real support is 2.
It may redraw down to support, before going higher, you can choose whether you would prefer to ride it out, or cash out, maybe it would be beneficial to wait, as it did just hit a 2 year high and was rejected... Though it could again shoot up to 3.2 if not 4 in the coming days. I did realize a gain at $3, on part of my position.
Fundamentally looks good, the past two quarters the company finally turned a profit. The price to revenue etc, looks very undervalued for the current bloated market.
Price to Revenue Ratio (TTM)
0.8074
Price to Book (FY)
2.9221
Price to Sales (FY)
0.7816
In most companies I look at Price to revenue is 10x now, so this is very low. Meaning way undervalue. This looks like a strong hold until they report a quarterly loss again...
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.