Right now it has formed a diamond after a wedge. Will update if the point highlighted is crossed up with decent volume.
Long SACO is now confirmed via multiple schools; classic (Triangle) and Wolfe Wave. First target is 43 and if successfully surpassed then 50ish is the second. It could not meet the speculation of the general liquidity goes against the plan.
4008 Stock up for the next few weeks. **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
The fundamental analysis for this company is not great, just ok. However, its technical analysis is very attractive, so I would consider it a speculative stock with low risk involved. The Fundamental analysis: 1- Quarterly Operating Margin: -3.1% 2- Quarterly Free Cash Flow: -2.3% 3- P/E: 20 4- P/B: 3.4 5- RoE: 16% 6-RoA: 6.3% 7- Div Yield: 3.64% 8- DPR:...
Harmonic pattern created (Shark). Targeting 66.77. Stop loss 60.77