If earnings beat expectations, and the pipeline is strong, there could be a very strong move next month.
It seems that there is a 2-5 month run after every 1-2 month correction.
It looks like another Cup/Handle may be forming. This could be a BIG move in the fall, as we get closer to 5G implementation nationwide.
Looks like the breakout from the cup w/ handle pattern may have some legs. Did not get hit too hard when the market had a bad day and the volume has been steady.
Typically a cup and handle chart happens after a quick run up, with people taking profits and others assessing the stocks future capabilities to deliver additional returns. Ceragon has solid earnings, if the stock can gain momentum after the handle forms the potential exists for above average returns.
IAU just bounced off the bottom of it's trading range. The strength of the $ may limit this run.
Expect them to beat EPS by $0.03 again, breakout with a target of $13.
A bullish flag and Cup/Handle pattern are established.
Bullish flag and Cup/Handle pattern has formed.