INFOMEDIA LTDLong
Potential Breakout - $2 Price Target
Capital raised recently with nice price consolidation above $1.50
Price trending up to test 1.82 level. Look for weekly close above this level + an increase in volume.
Price target $2.
FY20 guidance reaffirmed in April. High level or reoccuring revenue. Underperformed tech and Saas stocks during the covid rebound.
Good long term outlook.
Although a potential +7-10% trade, I also holding this long term if earning growth of ~15% can be sustained.
Price trending up to test 1.82 level. Look for weekly close above this level + an increase in volume.
Price target $2.
FY20 guidance reaffirmed in April. High level or reoccuring revenue. Underperformed tech and Saas stocks during the covid rebound.
Good long term outlook.
Although a potential +7-10% trade, I also holding this long term if earning growth of ~15% can be sustained.
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