Price recently broke above the daily 200MA after steadily rising out of 2018's falling wedge. Bollinger bands are tightening. I would monitor that in the short term for the next break upward. Absent negative news, the company's fundamentals give this stock a strong reason to run up on these bullish signals (cash position of roughly 40M and assets of 105M total against a 125M market cap at current price).
If opening a position at current levels, I would target $0.80, $1.04 and $1.21 for profit taking with a trailing stop loss at the daily 200MA.
Usual disclaimer that I'm just a guy on the internet and this isn't a recommendation to Buy or Sell a stock. Posting this to put my analysis to the test.
Trading ditutup: target tercapai
Targets were reached in April. Just dropping by to close this off.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.