Could be a good time to buy backed by strong earnings growth estimates and net profit margins. cvgi gained over 60% after latest earnings release in little time but gave up almost half those gains with the market sell off which gives us a good opportunity to get in. Double bottom formed with volume coming in on the lows. Looks like another consolidate + breakdown before recovery, lots of positive volume accumulation in chart. I think a safe buy would be on price exceeding $11 although $0.10 above previous close and 20ma could be sufficient will see how this develops next week. Possibly targeting around +20% market permitting.
Trade active
Note
a bit of olume today held above 11 see where we go from hereTrade closed: stop reached
That one hurt a bit!! hope nobody was in this tbh
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.