Given the wave pattern of CVD since the 2016 low at 6.25, the price may be close to a significant bottom. Looking back on the seasonality of the stock's performance over the last several years, the stock has tended to perform poorly during the first half of the year and out perform in the later half. Given the relatively low risk taken with stops below 6.25 and the potential for the stock to at least double if this wave count is correct, I think CVD is set to take off. The stock currently has a PE of only 8.4 while actually being more of an innovative nano-technology stock than truly an industrial sector stock.
Thoughts?
Thoughts?