World stock index is booming a, index breaking record. therefore investors are expecting sooner or later a correction of the equity stock market. this is a long term investement for not less than 1 year. the EPS TTM is 25.59. After a declining trend for serveral months is there a new trend. i expect the stock price above 5.00
After a consistance battle between the 'support' and the Resistance' i expect a little outburst to a positive buy trends. The Resistant strength index indicates that the stock flunctuate in the middle, showing the balance between demand and supply. the duration of the expected trend would approximately 3 months.
this strategy is based on trends, william %R and WT -LB (10, 21, 60.). After sharp increase in the first part of the semester to approximately 30,99, the shares ploughed. this shows a steady pattern movement of the shares therefore i am expecting an increase around 30,20 per shares in the coming semester.NASDAQ:FOX