Following the Q4 results of the 2023 financial year, Comtech Telecommunications Corp. has reported an increase in its revenue. The primary factor contributing to this growth is the conclusion of a long-term contract with the US government for the development and production of advanced communication systems. Historically, government contracts have a positive impact...
Most important technicals on this chart, pending breakout confirmation, is the red trendline (as short-term resistance) and the bottom of the red arrow (strong support)
These thoughts are my own ideas based off my own analysis. Please do your own research before putting your own money into the markets.
2 measure rules
a Triangle, and RSI Divergent
or we could have a gap situation.
so plenty to pick from.
I am looking to see a possible divergence Move up.
Following the base breakout of CMTL along with a huge decline in volatility prior to the break, long with a target of 10%. Will cover position prior to earnings.
After a sell off more than 30% in a week. To me, it is due to some panic sell off here. However, after a wave of sell-off, a chance of rebound will be increase. I would like to put a small bet (because of the volatility) here, expecting 5-10% rebound in 5 days.
