I see a reversal taking place, against a bearish long-term trend.
TP 1 will possibly hit.
TP 2 will take a long, long time to hit
TP 3, I honestly think, will not hit for at least 5 years or something.
If you are a short term trader, take profits at the Red Resistance line at $18.55.
If you manage to catch a long at $8.09 and take profits at $18.55, you should walk away with approximately 132% return on that trade, after factoring in spread costs.
I haven't included holding charges for holding stock, if you are leveraging.
I see this as a high risk stock *it has lost a lot of it's market capitalization over the years*, quite volatile, so would use a low lot size, or avoid leveraging for good risk control.
-Divit-
TP 1 will possibly hit.
TP 2 will take a long, long time to hit
TP 3, I honestly think, will not hit for at least 5 years or something.
If you are a short term trader, take profits at the Red Resistance line at $18.55.
If you manage to catch a long at $8.09 and take profits at $18.55, you should walk away with approximately 132% return on that trade, after factoring in spread costs.
I haven't included holding charges for holding stock, if you are leveraging.
I see this as a high risk stock *it has lost a lot of it's market capitalization over the years*, quite volatile, so would use a low lot size, or avoid leveraging for good risk control.
-Divit-