It appears that 
STIM is in a bullish flag pattern. It is at a relatively excellent spot to begin a speculative position. The stop loss, I feel, should be around 2.98 - 3.00 which is about 11% or so to the downside. Optimally one would do better to get as close to the $3.00 mark as possible , which is doable since the stock has been in a relatively tight range for the past 13 days. I emphasize the word "relatively" in this post. For the upside, I think t would likely test the upper limits of this flag pattern, around $4.40, or ~30% higher. However, if this does beak the flag pattern to the upside, the measured move of this stock should be ~$5.30 from the base of the flag, which would put it around $8.30 or so. I feel this could happen, given the added boost of acquiring Greenbrook clinics last year. STIM is expecting an increase of 58%EPS this year and is operating with a gross margin of 53%..This is a low float stock with only 40 million shares in the float, 12% of that is held short. Also of note.about $260,000 of Feb 5c calls traded near the ask today, so there is someone out there that also thinks this stock can go much higher. I would be long.
STIM is in a bullish flag pattern. It is at a relatively excellent spot to begin a speculative position. The stop loss, I feel, should be around 2.98 - 3.00 which is about 11% or so to the downside. Optimally one would do better to get as close to the $3.00 mark as possible , which is doable since the stock has been in a relatively tight range for the past 13 days. I emphasize the word "relatively" in this post. For the upside, I think t would likely test the upper limits of this flag pattern, around $4.40, or ~30% higher. However, if this does beak the flag pattern to the upside, the measured move of this stock should be ~$5.30 from the base of the flag, which would put it around $8.30 or so. I feel this could happen, given the added boost of acquiring Greenbrook clinics last year. STIM is expecting an increase of 58%EPS this year and is operating with a gross margin of 53%..This is a low float stock with only 40 million shares in the float, 12% of that is held short. Also of note.about $260,000 of Feb 5c calls traded near the ask today, so there is someone out there that also thinks this stock can go much higher. I would be long.
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Pernyataan Penyangkalan
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.