NASDAQ:NTWK is flagging on high volume after positive earning. Long the break out of the flag pattern, anticipated price action and targets are shown on the chart, stop loss daily close below 4.3$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
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NetSol Technologies, Inc. designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide.
Possible targets to consider
200ma at approx $3.90
Daily resistance level at $4.40
Stock broke major resistance last week on good volume so we will look for continuation on Monday
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Strong break above 200ma on daily while also breaking downtrend resistance
Indicators bullish.
Recent results strong
Very reasonable 11 P/E ratio
Company profile
NetSol Technologies, Inc. engages in the provision of information technology and enterprise software solutions. It also engages in licensing, customization, enhancement and maintenance of...
NTWK is a chance for strong buy for 2 reasons : 1st. it respects the up trend till now .2nd its the PRZ area for the pattern ABCD and the goal is the down trend .