The last time this stock showed a hammer, it had heavy volume and a pretty big uptick. We'll have to wait to see if it responds this way today.
This stock pays a hefty 10% dividend while also appreciating in value... nice double win.
A bullish hammer appeared today after a significant correction. Waiting confirmation of a turnaround.
First price target is ~50, where it could hit with resistance as it re-tests the high.
My next PT is 65, as this turnaround could be the push needed to complete a bullish pennant pattern.
I'm hopeful to see $70 by the year end as they continue to roll out new...
Purchased shares and waiting for the numbers to be announced after the market close. I'm hopeful for momentum to push this up for a breakout.
The depth of the bowl is $14, which would be added to the price at the exit after the handle formation. Potential for a $14 upside.
This is moving higher as it breaks its most recent resistance, making it the new support.
My target is 5.45 - we're coming up to a long term high established back in January 2021 at ~$5.52 and that reeks of resistance!
1) Tests ~$5.52 and is rejected to retest a lower support/resistance level before climbing back to retest $5.52
2) Tests to ~$5.52, is...
This has been bouncing around this box for a while and it may be ready to break out. I'd expect to see volume above the moving average and I'm setting my price target at ~20 (near the 1.618 Fibonacci level).
Which gives us a $6 upside.
Buying this on the dip - my price target is ~9/share which will give me ~40% profit.
This has been on my list for about a week, just looking for an entry point. If you're able to get in anywhere in the two demand zones (green boxes on the chart - especially at the 5.25 level), I'd say go for it - I am.
Earnings coming up, so be cautious.
After watching the swings on this stock for the past 62 days - I'm hopeful that this next upward swing will be what it takes to break up and out beyond the $14.30 resistance level. When it does, I'm looking for this to reach $18-21/share.
PTs are ~15. ~17 and then ~21/share.
Fibonacci price targets (PTs) match up with the previous peaks, which should offer some resistance before continuing its upward movement.
Looking to get to the 1.618 PT (~$5) before a meaningful retracement.
Future PTs at 2.618 ($6) and 3.618 ($8) also tie back to 1++ year highs making up a larger cup.