This stock we have been interested in since IPO where company performance continue to beat estimates and price actions are reflecting classic technical analysis.
Shown on the chart are all significant price levels and previous structures that triggered them. We suspected an HVF back in May but the price corrected to reflect an even larger HVF that broke up to the upside recently in the past few days. While this trend hold we expect targets of + 23% by year end and + 40% by end of Q1 2023.
Of course many factors may arise that invalidates our analysis but most importantly is to follow the price chart and place exit stops to protect your own gains.
All the best
FBH
Shown on the chart are all significant price levels and previous structures that triggered them. We suspected an HVF back in May but the price corrected to reflect an even larger HVF that broke up to the upside recently in the past few days. While this trend hold we expect targets of + 23% by year end and + 40% by end of Q1 2023.
Of course many factors may arise that invalidates our analysis but most importantly is to follow the price chart and place exit stops to protect your own gains.
All the best
FBH