Great risk/reward bottoming play
technically it looks pretty appealing with a classic smiley-bottoming pattern.
it is also fairly cheap (P/E below 5) which reflects a pretty low sentiment.
key to this setup is the r/r, not necessarily if it works out or not.
and off course, with a lofty target, it doesn't hurt to use a trailing stop system
it is also fairly cheap (P/E below 5) which reflects a pretty low sentiment.
key to this setup is the r/r, not necessarily if it works out or not.
and off course, with a lofty target, it doesn't hurt to use a trailing stop system
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