Enter - $49.40 (current price)
Target - $54 (Closest Resistance)
Stop Loss - $48
Its trading at a very strong support line.
Has completed the post H&S decline.
Is extremely oversold. (RSI = ~23)
Has a Zacks rank #1 (Strong buy)
Its earnings estimate has been upgraded from $0.06/share to $0.14/share within the last 2 months.
I am a very new trader...
After looking at this people can't argue that Technical Indicators and Chart patterns don't work. This Chart is perfect textbook chart patterns for Cup and Handle.
Breakout is coming considering the post cup and handle period and the close above the strong resistance trendline.
Comment your thoughts. New to the game and would love to hear other people's thoughts on this.