If you have the guts to buy, this stock poses a huge growth potential when looking at the analyst expectations varying from 11 to 14 USD target. From a technical viewpoint the first target is around 4,7 USD.
Bullish
- Broke downtrend line
- Formed Inverse head and shoulders
- Building base
- Positive FCF
- Positive Income
- Funds accumulating
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“Sometimes a change of perspective is all it takes to see the light”
Cheers and happy trading!
Price took out the .618 Fibonacci level on relatively high volume and by doing so also broke up out of the wedge to close above the 200 MA.
The short and long term Force Index are rising the MACD recently crossed suggesting that momentum is picking up..
Targeting: $8.54, $9.51