NASDAQ:SENEA is plotting bullish price action and is about to break out. Anticipated price action and targets are shown on the chart, break above 50$ is a bullish sign and confirmation of setup, stop loss daily close below 47$. Hit the like button please if you find this useful :) This is only my own view and not a financial advice, do your own analysis before buying or selling Happy Trading!
Trade closed: stop reached
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Target reached after the trade was stopped out. Stop loss was 45$ not 47$, typing error
Released earnings Friday afternoon (unannounced). If you add back the equity investment expense (which I assume includes when they bought back their own shares), it's a q/q beat. Either way a huge y/y beat and inflation has actually increased their profit margins 50%. Market cap is 2x net profit for the year, hard to believe how undervalued this is, but maybe Monday will see the first breakout. Good luck!!
Chartoholic
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@SammaDayz, It is indeed undervalued, another rejection from that downtrend line on Friday, I expect a breakout soon. Thanks for bringing this stock to my attention @SammaDayz