Possible 55% chance with Fonar (Fonr)Hello guys :)
As you can see we broke out of this beautiful falling wedge. Fonar could retest the black support again and then reach milestones like 20,00$ and 26,00$. Therefore I am waiting for a confirmation retest or outbreak.
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NOT FINANCIAL ADVICE/RECOMMENDATION
Key stats
Market capitalization
102.328MUSD
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
12.35
Basic EPS (TTM)
1.27USD
About Fonar Corporation
ISIN
US3444374058
Sector
Commercial Services
Website
fonar.com
CEO
Timothy R. Damadian
Headquarters
Melville
Employees
484
Founded
1978
FONAR Corp. engages in the design, manufacture, sale, and servicing of magnetic resonance imaging scanners. It operates through the Manufacturing and Servicing of Medical Equipment and Management of Diagnostic Imaging Center segments. The Manufacturing and Servicing of Medical Equipment segment promotes its product, Fonar Upright MRI. The Management of Diagnostic Imaging Center segment offers management, administrative, billing and collection services, office space, equipment, repair, maintenance service and clerical, and non-medical personnel to medical providers through its subsidiary, Health Management Corp. of America. The company was founded by Raymond V. Damadian on July 17, 1978 and is headquartered in Melville, NY.
Fonar Corp. in a good entryIt seems to me that it is looking for a reversal.
The price has already been rejected 2 times by touching its EMA.
It has resistance at $19.5 - 20.
30% below its August high.
It can go as high as $25.
"Fonar Corporation designs, develops, manufactures, and sells magnetic resonance imaging (MRI)
Nice play. Put in a buy order on 200 retest...Weekly fib retracement and extensions make this a pretty nice technical play. Highest target is 28, with coinciding fib lines at $25 (plus it's nice round number, so prob going to get some heavy resistance). I'd put in a buy at 21.80, and hope to catch it.
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Income Statement
Balance Sheet
Cash Flow
Earnings
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Revenue
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