play on cvgi for a possible 20%+
Could be a good time to buy backed by strong earnings growth estimates and net profit margins. cvgi gained over 60% after latest earnings release in little time but gave up almost half those gains with the market sell off which gives us a good opportunity to get in. Double bottom formed with volume coming in on the lows. Looks like another consolidate + breakdown before recovery, lots of positive volume accumulation in chart. I think a safe buy would be on price exceeding $11 although $0.10 above previous close and 20ma could be sufficient will see how this develops next week. Possibly targeting around +20% market permitting.
Transaction en cours
Commentaire:
a bit of olume today held above 11 see where we go from here
Trade fermée: ordre d’arrêt atteint:
That one hurt a bit!! hope nobody was in this tbh