Buysingal
$AVD breaking out of its ~14 month base * Broke its historical resistance of $23.55 which dates back to 2006 with tonnes of volume behind the move
Technicals:
* Sector: Basic Materials - Agricultural Inputs
* Relative Strength vs. Sector: 52.33
* Relative Strength vs. SP500: 8.92
* U/D Ratio: 1.61
* Base Depth: 71.26%
* Distance from breakout buy point: 2.35%
* Volume 196.27% above its 15 day avg.
Trade Idea:
* You can enter now as the price is really close to the broken resistance of $24.25
* If you're looking for a better entry you can look to enter around the $23.85 area or even a retest of $23.55 seems likely.
* A retest of this area ($23.55 to $23.85) would indicate that buyers are willing to push the price higher.
* Next historical resistance comes in around $27.9
RSLS ReShape Lifesciences Price Target- ReShape leader in weight loss market
- FDA approved Lap-Band manufacturing moved to the US
- eliminated debt overhang
- ReShape Marketplace - digital health solution
June 30, 2021: Cash and cash equivalents and restricted cash were $40.2 million.
ReShape Market Cap only 50.061M
Shares Outstanding 17.20M
On 7/1/2021, Ben Haynor from Alliance Global Partners brokerage Lowered the Price Target from $18.50 to $13.75
My price target is the 9.6usd resistance.
I`m looking forward to read your opinion about RSLS.