Waiting for retracement on this stock. Although I don't see a lot of room for a potential retracement because of the order block to the left. However the large bullish candle - biggest bullish candle for a while, indicates a lot of upward potential. It's possible the retracement already occurred, it's not clear so as a result. If entering then I might risk less...
Bought ShotSpotter. Riots in USA is great for law enforcment stocks. Bullish when bullets fly.
Take a look at this chart of ShotSpotter . The stock tumbled from its highs in late may, and has found support around its current levels. Currently, it's trading with relatively low volatility in a strict range. Today, it tested resistance around $30 and the situation currently looks bullish. This is a significant valuation level as it reflects the market...
SSTI: ShotSpotter, Inc. 2019-11-26 09:01:10 ShotSpotter Announces Three-Year $4.27 Million Contract With Puerto Rico for Gunshot Detection Technology
Long-term correction completing. Short-term falling wedge reversal?
Classic falling wedge supported by MACD and RSI divergence.
$SSTI is very cheap right now. In addition, with only 3 years of operations their EPS has been growing each year, and increased by a factor of 84% last FY. To conclude, Shotspotter is providing service to a number of U.S. State governments in the Gunshot Detection space, and their top (and bottom) line is projected to grow through 2021.
It's time to talk about a massive short opportunity here, with the timing that could not have been better! As we can see, a GREAT level was broken, and the daily candle closed BELOW the level! Then, we see a slight pullback to the level, with 7 consecutive DAILY candles closing BELOW the level! A SUPER STRONG SIGNAL! The success probability is more than 65%...
Humpty Dumpy sat on a wall Humpty Dumpty had a great fall... or did it... (humpty dumpty is SSTI if you didnt catch that) Giving this a Long/Buy Scenario just because of where it sits currently on the trend line aswell as RSI looking to be super oversold. good risk to reward factor. Keep stop losses tight manage money correctly this could work out for...
1) CFO bought 3000 shares 2) Zero company shares were sold after Lockup ended 3) Successful presentation at 14th Annual Imperial Capital Security Conference 4) MACD crossed, RSI in buying range