It has broken above the trend line and I believe the stock has bottomed. Even though the price targets have been lowered, it will likely fill the gap in the golden pocket zone. Hence $103 by Feb 2025.
Trade active
Candles are knocking at 50 SMA. Could be similar to December 12th, 2023 and onwards.Note
Finally cracked through 50 SMA first time in 10 months. MACD has also crossed above 0 line.Note
Well, damn! Cannot win against a company's gloomy statement. They do have a history of surprising with ER. Last it said something like that and revenue was significantly higher.Note
MACD has turned bullish. Earnings will be interesting.Note
And we are oversold on the weekly.Note
Volume is our friend and is picking up. Stock is oversold.Note
And once again we are above 50 SMA.
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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.