Zooming out is the best way to get an idea of general a stocks direction. On the day of the 700+ million dollar contract with the US army, volume spiked, which gave momentum to push past a year and a half long resistance. Given this, it looks as though we MAY see a trend reversal (idk I'm not a pro - I've only been analyzing stock patterns for 3 years on and off for fun). The earnings this coming quarter may be another catalyst for more upward movement.
We're looking at break out from a very large falling wedge. We also have one confirmed retest on top of resistance.
Mid-long term price target according to the distance between support and resistance is 25-30
*Not trading advice. Just sharing what I see.
We're looking at break out from a very large falling wedge. We also have one confirmed retest on top of resistance.
Mid-long term price target according to the distance between support and resistance is 25-30
*Not trading advice. Just sharing what I see.
