MTLS | Multi-Bottom, great R/R
Updated
Hey all,
Materialse really got struck hard by the Feb-March tech sell -off.
The stock is now trading and found support once again around the 30.5$ range, which hasn't been broken since september 2020, despite multiple tests.
Fundamentally this is still a speculative play, but I see this sector growing further in 2021, and MTLS is positioned perfectly for a rebound back towards ATHs.
Would love to hear if anyone has any counterarguments!
T1: 46$ (~42% upside)
T2: 52.70$ (~64% upside)
T3: 81.80$ ATHs (~152% upside)
SL: 28.30$ (~12% downside)
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Materialse really got struck hard by the Feb-March tech sell -off.
The stock is now trading and found support once again around the 30.5$ range, which hasn't been broken since september 2020, despite multiple tests.
Fundamentally this is still a speculative play, but I see this sector growing further in 2021, and MTLS is positioned perfectly for a rebound back towards ATHs.
Would love to hear if anyone has any counterarguments!
T1: 46$ (~42% upside)
T2: 52.70$ (~64% upside)
T3: 81.80$ ATHs (~152% upside)
SL: 28.30$ (~12% downside)
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Comment
If we bounce from here yet another touch of support I would be extremely bullish. Issue is i'm quite confident we're going to lose 30.20$ support...
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