PULM rising wave structure. The exchange rate may be at the beginning of a triple ascending wave structure. The rising wave axis (green line) and the rising ATR axis also assume that the rising rise can be definite and dynamic. The exchange rate is supported by a D1 ATR axis. The target price of the third rising wave structure may be 2.5 usd.
@davidevil, This analysis was criticized quite well at Stocktwist.com. They do not see any reason for such a hype curve. In this figure, it was not seen that a pulse wave was generated, but it was assumed that it was technically possible.
The situation here is similar. There is no external sign, but some technical parameters are slowly rising.
davidevil
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@meszaros,very very interesting. What can you tell me about Iconix Brand?
meszaros
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@davidevil, Tomorrow I'll do the analysis. At first glance it looks like a very good small company. Congratulations. I'm also interested.
@davidevil, seekingalpha.com/article/4198540-iconix-continue-avoiding-stock At around 0.2000 exchange rate around 1:50 reverse split is expected. As a result, the exchange rate may rise up to 10 USD. Which means that the stock purchased at this level does not earn any profit even at 10 usd levels. The company has weakened its revenue prospects. That is why I would not buy it from a technical and fundamental point of view.
davidevil
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@meszaros,
I believe they do not approve the reverse split....
meszaros
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@davidevil, That would be very good news. But then what will NASDAQ do?
meszaros
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@davidevil, In November and January, new revenue has been lost to the company. During this period, its revenues are constantly decreasing.
meszaros
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@davidevil, My experience is that RS is an association. From these two paths are the penny trader companies ... Yeah and while the undistributed equity dilution.