I like the current picture on the chart. Price has come to a point where the rising trend line from December 20 and the 100W EMA converge. The downside volumes are decreasing. We can try to take with a short stop, at $47. With an upside target of $68, and a longer upside target of $96.
In case of a breakdown of the trend, the downside target is the $29-$31 range.
I consider the rebound from the trend line more probable.
One more important factor, the company is profitable. Black Rock fund of Ray Dalio owns 10%.
Is not an investment reccomendation
In case of a breakdown of the trend, the downside target is the $29-$31 range.
I consider the rebound from the trend line more probable.
One more important factor, the company is profitable. Black Rock fund of Ray Dalio owns 10%.
Is not an investment reccomendation
All ideas only for information.