Tomra Systems: A Prime EU Expansion Play with 150% Growth PotentTomra Systems is an exceptional company poised for significant growth as they expand into the EU. I've been accumulating shares steadily each month, aiming for a target price of 76 NOK. The monthly RSI is soon approaching 30, and the Stochastic indicator is already at its low point. Furthermore, the stock is below its 618 Fibonacci retracement level, and the 200-day EMA is about to intersect. This presents a phenomenal buying opportunity. While it may seem like a long-term, less exciting investment, a potential 150% increase over the next three years makes it a promising choice.
TOMO trade ideas
Consolidation, forming last leg for 4-5 final wave, before ABCPlease look at this chart carefully, i tried to outline everything that this chart is telling me.
The key take away is that trend is broken, so expect 4-5 wave followed by a sharp correction.
I project certain patterns that can occur here.
We would need another LEG to determine how things are going to progress in this consolidation period.
I hope this helps :)
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**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
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