A move up above the channel down towards a strong trend line This trend line still hodls dominance over price and it will be tested. I think following the test price will break down however. Bars pattern shows my thinking.
$1 dividend is to induce retail. Once met, dump. There is a pattern with the market when retail buy, the price drop and future price point will not surpass price point buy in. It seems to suggest highly manipulated. What do you think?
More importantly a 5 year litigation overhang goes away and the co. will be in a much better financial shape then in 2017 when stock was in the double digits - insiders probably agreee as they've been buying all along as well.
Another long setup. I originally had the buy zone slightly higher, but it didn't give a risk/reward greater than 3. So, I assume the fills will be in the midrange of that green box for a R/R of over 3. Since I know smart money looks for the same, I anticipate the bottom being slightly below where I had first been inclined to put it.
CLRO is nearing a zone of major support. Looking interesting for a long.
NASDAQ:CLRO describes themselves as a global market leader enabling conferencing, collaboration, and AV streaming solutions for voice and visual communications. With businesses becoming more comfortable and familiar with remote work, ClearOne has a competitive product line (and is actively developing new products) to cater towards that market, with a product line...
Look at the reersal channel and the break, look at it also with afterhours to see the pump and dumps leading to the reversal consolidation break. Good luck, wait for olume on the day and a positive intraday trendline
They started pivoting even before Covid , all the downside is in at this point. They have some great IP / Patents / Trademarks and their total addressable market just tripled. Expect this to surpass 2016 levels in the next 6mo.
CLRO: ClearOne 2020-12-08 09:10:00 New ClearOne BMA 360 Beamforming Microphone Array Ceiling Tile Receives a 2020 Sound & Video Contractor Magazine Innovation Product Award
ClearOne, Inc. engages in the design, development, and sale of conferencing, collaboration, and network streaming solutions for voice and visual communications. Its products include professional audio conferencing, speakerphones, professional microphones, and video collaboration. The company was founded in 1983 and is headquartered in Salt Lake City, UT. SHORT...
Keeping this one short and simple. 1. Bullish engulfing at the start of the day 2. Great daily support
Money is going into CLEARONE INC making it a hold stock. #CLRO #NASDAQ STATUS; Trend reversal./ #BULLISH STRENGTH; Strong ENTRY; current price/RT 1.75 STOP; 1.00 TARGET; 6.00