Somero Enterprises Share Price Analysis Q1 2019
On a fundamental level this share looks great value at current valuation.
From a technical perspective if it makes a bullish bar at current levels and then breaks past 352 area it should push up to 410 area, where it would complete a bearish bat pattern and could face some selling pressure. This would be a nice risk to reward as well.
On the downside if the price breaks 308 area it could fall back to the 290-270 area.
Please note this is not a recommendation to buy, hold or sell this stock. It is only a technical overview. Please do your own research before making any trade or investment decision.
From a technical perspective if it makes a bullish bar at current levels and then breaks past 352 area it should push up to 410 area, where it would complete a bearish bat pattern and could face some selling pressure. This would be a nice risk to reward as well.
On the downside if the price breaks 308 area it could fall back to the 290-270 area.
Please note this is not a recommendation to buy, hold or sell this stock. It is only a technical overview. Please do your own research before making any trade or investment decision.
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Looking bullish now after a big bullish weekly candle.