The chart of RIBER on a weekly basis is giving a very promising picture.
Price is going up in a constructive way and Volumes show accumulation.
In addition the pattern from the start of the year is a preparation for a new move UP.
My conservative Target price is set at 5 euros but I am looking at levels above 5.5 euros.
Riber is the world's leading provider of molecular beam epitaxy (MBE) equipment, the most versatile and precise tool to deposit precise amounts of material onto substrates and which are used to design and create the newest semiconductor structures for manufacturing many novel devices. It is also a leading supplier of high-quality material evaporation sources. These can be used to make incredibly inexpensive thin-film solar cells, create the displays of tomorrow’s organic LED TVs, and help to produce ultra-small silicon transistors that will lead to faster, more powerful PCs.
Note: I do not own stocks of the company but I intend to open a position
Price is going up in a constructive way and Volumes show accumulation.
In addition the pattern from the start of the year is a preparation for a new move UP.
My conservative Target price is set at 5 euros but I am looking at levels above 5.5 euros.
Riber is the world's leading provider of molecular beam epitaxy (MBE) equipment, the most versatile and precise tool to deposit precise amounts of material onto substrates and which are used to design and create the newest semiconductor structures for manufacturing many novel devices. It is also a leading supplier of high-quality material evaporation sources. These can be used to make incredibly inexpensive thin-film solar cells, create the displays of tomorrow’s organic LED TVs, and help to produce ultra-small silicon transistors that will lead to faster, more powerful PCs.
Note: I do not own stocks of the company but I intend to open a position
Comment:
The recent vulnerability in European markets is creating opportunities but it is too soon to start a position. Once the overall correction in equity markets ends, RIB will be a nice choice.
I want more confirmation to start a position.