Starbreeze 5 year comeback rally 700% and 1150% result targetHey trader.
i am simon and i will show you my plan and opinion on starbreeze today.
We see starbreeze at 0,48 sek today.
Fundamentally things is going well, last Q3 report showed 495 Million crowns revenue, mostly from payday 3. Fundamentally people love the game the game play but they don't love to be stuck in waiting room + no offline mode but thats basically it on the negative side, the rest is positive which can be fixed.
TA weekly chart:
ATH somewhere 15 SEK, with big resistens 3, 4,2 and 6 kronor.
We see starbreeze bounce back from EMA 10 testing it for the first time after what i think is the bottom and will break soon. and rsi looks good under bought, whenever this lands and shows divergence + under bought + two legs is is a good place to buy for me but i already bought and will buy more whenever i get more money to invest.
My plan is to take profit at 3,7 and 5,8 since it connects to major resistances historically both 2013 and 2002, to be on the safe side with a handsome result of 700% and 1150% ROI-what i invested. Timebased this move happens before june and within 6 months. I will the assess the situation and probably reinvest later on for new ATH with 20-30-50-100 kronor. But first i will pick those two yellow line targets 3,7 and 5,8. And take the profit in my hand where it belongs.
Disclaimer: I am not a financial advisor.
This is for entertainment and information purposes only.
Everyone has there own risk. Agree or leave immediately.
