⚠ Not a financial advice, just thoughts
High risk reward at this point IMO
We need to complete the inverted H&S by finishing the current corrective pattern then push for a wave 3.
With the amount of cash they have, the market should discount future acquisition revenue.
Short-term, I'd exit at 9$ when we complete the H&S. If we push higher after this, target for wave 5 would be minimum $19
Risky play, careful with this one.
High risk reward at this point IMO
We need to complete the inverted H&S by finishing the current corrective pattern then push for a wave 3.
With the amount of cash they have, the market should discount future acquisition revenue.
Short-term, I'd exit at 9$ when we complete the H&S. If we push higher after this, target for wave 5 would be minimum $19
Risky play, careful with this one.
註釋
Just want to clarify my english there> High risk reward at this point IMO
I mean that the risk reward ratio is interesting at this level
A comment on the SL: It may be too high, a real invalidation would be ~5.60 - that's where I'll put mine.
Trade safe
交易進行
The second assumption on the chart "possibility that we are still on wave 4" was correct - indeed we did made a lower low.Turns out management has been very disappointing on this one. Not able buy a single company. I will be waiting for their next report to see - It's unfortunate to see that the market has lost all trust in the management but understandable given it's been a year and no acquisition!
I will stay in the trade, as I still expect that it will take a single company to be bought to wake this chart up and bring a gigantic move to the upside.
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