Long
SYMMETRICAL TRIANGLE BREAKOUT
Chart is showing what I believe to be a "classic" symmetrical triangle breakout. Currently seeing resistance at 2016's high ($2.80). Relative strength (14) today is ~67 and volume has been steadily increasing over the couple weeks.
6 month price target is $4.42 which represents an approximate 65% gain from today's prices ($2.68).
Additionally there has been significant insider buying within the last few weeks.
Form Holdings (formerly Vringo) has recently converted from a "patent assertion entity" to a diversified holding company focused on growth. The company still maintains an active intellectual property division.
6 month price target is $4.42 which represents an approximate 65% gain from today's prices ($2.68).
Additionally there has been significant insider buying within the last few weeks.
Form Holdings (formerly Vringo) has recently converted from a "patent assertion entity" to a diversified holding company focused on growth. The company still maintains an active intellectual property division.
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Disclaimer
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.