New up trend started ?Golden cross was made mid Dec.
RSI have higher lows, started in Dec / The RSI is on a bullish uptrend / its not OB ( a good thing )
Bullish engulfing caddelstick was made on the 20 Nov and again in the end of Dec.
Fundemental :
Q3 of 2019 is positive compare to Q3 of 2018
The first three quarters of 2019 Columbus delivered an organic revenue growth of 3% and an increase
in EBITDA of 48%.
EBITDA
YTD 2018 : 111,627
YTD 2019 : 164.854
Profit before tax
2019 : 94,115
2018 : 66,226
Link : ir.columbusglobal.com
Disclaimer :
I have this stock myself and opened that trade below.
Open trade : 9.50
1 target : 10.15
2 target : 11.00
Set SL : 9.22 ( there is alittel room for a spike down )
Risk/Reward Ratio :
1 target : 2.44
2 target : 5.63
