As we approach all time highs, there seems to be much more of a runway for growth moving forward the last 4 consecutive weeks of bullish momentum and increased fundamentals within the company can provide much more growth with time. With the current technical provided the price is currently on an uptrend with excessive accumulation from the buyers side. Looks to...
OTTR just completed a 7-month cup with handle pattern, triggering a buy at the $70 mark.
The fundamentals are incredible for this company. Sales are growing at 40% per quarter and earnings are up by triple digits.
It meets all 9 of William O'Neil's CANSLIM scan criteria, and even has bullish 2023 estimates from analysts.
There is a risk, however. First and...
If the stock indices go down, a decrease to the target level of 25 according to the 3W descending pattern is possible. The company's performance is good. Therefore, it is too risky to sell shares without reducing the entire stock market.
NASDAQ:OTTR
BUY OTTR Rising Wedge Squeeze Continuation with consolidated candles forming a buy pinbar
Also supported fundamentally by falling interest rates (10Y treasury)
Buy at 50.6, tight SL at 48 just below the pinbar candle low
