Although poor fundamentals, but they have been cutting loss here and there. Tomorrow on 12th May there is their earnings report, and the estimates have speculated their fundamentals to improve.
Well, all depends on the earnings report tomorrow.
As for technical, improvement in their company has allowed them to rise from 2 to 37 last year around this time.
And then it has been trading in a range of 19 to 37, clearly making a flag.
So I believe the earnings report tomorrow will determine the rise or fall of the prices, but if you are in for trading put conditions ahead, if it breaks the 37 high and if it retraces back to 37, then only risk some capital in the long position, the news must also support the trend.
Well, all depends on the earnings report tomorrow.
As for technical, improvement in their company has allowed them to rise from 2 to 37 last year around this time.
And then it has been trading in a range of 19 to 37, clearly making a flag.
So I believe the earnings report tomorrow will determine the rise or fall of the prices, but if you are in for trading put conditions ahead, if it breaks the 37 high and if it retraces back to 37, then only risk some capital in the long position, the news must also support the trend.
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