CMBM - Easy money1-5 impulse waves finished
I'm waiting for a jump to fill the gap
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CMBM trade ideas
Cambium Queued for Big LongsI think that longing cambium will be worthwhile and provide high % yields.
CMBM Preps for Successive Pump and DumpsCambium Networks Corp has undergone a steep 77% drop in value over the past year. What may seem like a red flag for many investors seems to be a safe play for me (and the Digital Surf Trading Community). In Elliott Wave speak, the current patterns at play for this stock are likely that of a Wave 4 (Extended Flat correction) where (c) wave has completed a rare drop to the 2.618 fib, compared to the levels of Wave 4's (a + b) waves (see totality of Wave 4 in yellow).
Considering the size of Wave 4, Elliott Wave Theory suggests that we are due for a test within the range of the red box. With Wave 3 being tremendously extended, Wave 5 is likely to be a volatile move filled with sizeable upside and downside swings. With good timing, this stock could prove to be a scalper's favorite for the next year or so.
Within the DSTC catalog, generally I like to document and follow stocks with a minimal 20x trajectory however due the current nature of the markets, not many of our premium mappings are ready for action yet so 5-10x will suffice for the time being.
Like this idea and comment below should you get active and become profitable as a result of this idea.
CMBM (Cambium Networks) - Bullish quarter ahead?Cambium Networks
Cambium Networks Corp provides wireless broadband networking infrastructure solutions for network operators, including medium-sized wireless Internet service providers, enterprises and government agencies. The Company's wireless fabric includes intelligent radios, smart antennas, radio frequency, algorithms, wireless-aware switches and cloud-based network management software. Cambium Networks Corp is based in Rolling Meadows, Illinois.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has given price move to the MID point
- Awaiting short-term move below MID to initiate buy based on Slo Stochastic
- Expectation for the price to move to MID/HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
