I found this chart from a fellow tradingview.com trader and took a position today. Please comment if it's your idea! Looks to be a good pattern. Breakout above neckline today on high volume. Looks like the accumulation stage is over. Also 50% retracement from all time highs.
QUICK SWING TRADE. WANT TO SEE VOLUME ON THE BREAKOUT ABOVE THE NECKLINE
Bought at 9.40. Lets see if it works it's way back to resistance
Supports drawn from the 5y and 1y chart. Looking to buy around the 6.20 range. Will place a stop loss 7-9% down from there.
Another buy the dip opportunity. Stop loss will be tight. Looking for 6-8% gain
Buy the dip. 30% move up overdone for recent catalyst on 7/26.
I think this will retest 52w highs. Average down, hold into earnings, unless 52w high retested then sell.
Looks to be holding the trend. Will likely retrace to $5.
Will try to buy near the bottom of the trend line. Stop Loss will be tight. Good risk to reward opportunity here.
If retests 200d ma, will try to buy off the bounce. @BigBlaschke put the stock on my radar. Trend analysis is my own. Will sit back and be patient!
So currently the chart doesn't look amazing; however, just broke the downward trend! Catalyst today shows this company can acquire future business opportunities. Lets watch as the new trend develops. Purchased 40.50 and will continue to average in, will update.
Novice to analyzing charts. Good risk to reward. Recent insider purchasing. Bought at 5.64 Sell at 6.70 or 6.40 or when insiders start to sell Stop Loss 5.30
Looks to be holding the trend. Look for a move to $5. Good luck