Wait for trend reversal confirmation and Buy at a cheaper price to go Long.
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.
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.
CMTL: comtech telecom co 2018-07-10 09:00:16 Detected possible contract win
CMTL: comtech telecom co 2018-05-29 10:00:04 Detected possible contract awarded
CMTL: comtech telecom co 2018-04-11 10:00:13 Detected possible contract awarded
CMTL: comtech telecom co 2018-03-05 10:00:04 Detected possible contract awarded
If CMTL can break above 19.85 the next target around 23.95 looks likely.
Buy the breakout. 2 potential targets posted.
breakout pending, strong today.
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.