STAA Long Idea ~150% increase
I started keeping an eye on the stock when the bull flag began forming.
Yesterday we had a breakout confirmation from the bullish flag. As long as the breakout continues, we could reach the first Target/Take Profit at $98 per share with a 37% Profit.
If the earnings report which follows soon after is good, the added bullish sentiment could drive the price to complete the double bottom pattern and bring the price to above the all time high.
For now, I doubt that it will reach the ATH but I'm fairly confident in a 30%-60% increase from here.
I will re-evaluate this chart in the coming days and weeks.
I would really appreciate some input and please tell me why I'm wrong.
Yesterday we had a breakout confirmation from the bullish flag. As long as the breakout continues, we could reach the first Target/Take Profit at $98 per share with a 37% Profit.
If the earnings report which follows soon after is good, the added bullish sentiment could drive the price to complete the double bottom pattern and bring the price to above the all time high.
For now, I doubt that it will reach the ATH but I'm fairly confident in a 30%-60% increase from here.
I will re-evaluate this chart in the coming days and weeks.
I would really appreciate some input and please tell me why I'm wrong.
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