1810Long term trend - Buy
Period - 1 year
With the new launch of innovative products at a budget, this darling will shine during the difficult time where people tend to downgrade for a better price (low) with a good quality.
The company financially is starting to do well with increase in EPS and reduction in debt which is crucial during this time.
From technical perspective, it has formed a round bottom and at current price of 22.50 is the first target of those who bought at the bottom.
If market condition is strong , we expect the potential price to hit $34-35 range in the mid - long term. With potential stop loss at $14.
Note
Good junction to enter for buy as it retest the breakout.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.