CLFD - IdeaIdea for CLFD showing a potential rise to the upper line
this rise would be sharp, within a sort of up channel and similar to a previous rise that has been seen (white dotted line)
Monthly timeframe
CLFD
Clearfield, Inc. Growing.Fundamental (reason why I am putting this stock in my watchlist): Their EPS growth and Revenue Grotwh (between Q3 2021 to Q3 is 109% and 84% respectively. ROE is 33%. This is what I define as a potential growth stocks.
Technical : It is correcting after its 6 day rally. It will be interesting if it reverts back to the mean (50,100 and 200 EMA). it is testing the 20EMA right now.
Action : Wait and see if it goes to the mean and/or form a flat tight base.
Clearfield Inc. falling in a hole. CLFDGoals 53, 44. Invalidation at 78.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
US Stock In Play: $CLFD$CLFD bullish pennant pattern. +35% move (3 weeks) since Q4 ER. ER reflected YoY accelerated growth in both EPS and Rev.
looking at BO from Q3 ER AVWAP resistance at $64.70.
Q4'21 Earnings (YoY)
EPS 0.75 (+226%)
Sales 51.1M (+89%)
