Nice trade here with some fundamental analysis also working with you.
P/E Ratio of only 9.23
Profit margin of 30%
Operating margin of 74%!
Price Target of $21
We are going long here if we tap the bottom of this wedge again and run a bullish candle afterwards with confirmation.
As you can see from the chart above it is possible to identify a support and a resistance line. The price has just touched the support line, showing a nice ONE WHITE SOLDIER PATTERN. This is why I think that there is a high probability that the price will go up till our target. Furthermore, the MACD shows that the bearish momentum is getting weaker...
As the title suggests. Towne Bank is currently at the best price you're likely to see. A long term investment to carry you into the next century.
Expecting elliot wave 5 completion in the Summer of the Year 2098.
TOWN broke its recent upward trendline today, creating a short trade possibility with a small risk and high reward.
Factors leading to the decision:
Major trend is down
Minor trend was up, and today price broke and closed below it
20-ma was recently lost, pulling moving average traders off the sidelines
The recent high fractal pattern is also at the...
Looking at the cyclical life of TOWN , it looks like the stock may have some room to grow. I would say advise buying short-term call options at close to price strike price. The company does not perform as well on the balance sheet side. I would advise executing the right to buy stock when the option contract expires, only to minimize the risk of the option...