Technical Analysis
- Weekly William %R and RSI are oversold.
- Daily channel being created with resistance at 50EMA>
Scenario 1 - BUY
Breach of 50EMA and uses it as support.
Scenario 2: - SELL/WAIT
Bounces off 50EMA as resistance and come back down to create a higher low.
Based on the technical environment and high William %R I expect scenario 2 to happen with high low being used to propel price upwards and for a push to $13.75 to $18.50>
Price Target
Entry: $12.30
Target 1: $13.75 (+12%)
Target 2: $18.20 (+40%)
Analyst Target: $61
Fundamental/Financial Analysis (FA) - Strong financial metrics and passes quality screen.
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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.