SMMT trade ideas
Cup and handle - Great fundamentalsI bought this asset yesterday - not quite perfect cup and handle, but really nice looking.
Now approaching 10 week average.
Fundamentals looking great.
+250% growth in rev YoY
EPS YTY from (0.40) to 0.12
I see big potential in this one.
This is no trading advice - just an idea I'd like to share with you.
Summit giving us the long entry $SMMTAn easy win above 2.87 SMMT is gaining speed and with a positive catalyst and traction will continue strong. Like many of these stocks in this setup, we are seeing high loading volume with an increased potential for a breakout as the price increases.
Fibonacci speaksFibonacci gives me an idea of how this stock will behave. Along with the Volume MA and other indicator such us the bottom plots, I believe this stock is forecasted to go down for a few days before it goes back up. Wait for future indicators and to be below 10.3$ to enter (if you want to be conservative). Also, keep an eye open for news. This stock is fairly new and I believe it has potential to grow.
