Bullish spinning top & +12.5% PreMarket -- Rocket Emojis?
Linking my previous analysis below. I said I would load up on a few more shares if this touches the $6 range with broader market pressure, and guess what, IT DID (pre market yesterday). The lowest I caught it was around $6.85
But, the stock has closed the day with a bullish spinning top candlestick. Coming from a week of pressure, this is a great sign of a possible trend reversal.
The stock is up touching $9 pre-market today (up nearly 12.5%), which is a better entry that my previous analysis suggested. As marked on the chart, it will need to break the $9.90- $10 resistance, which was a previous support and recent resistance for the stock. If we see the volume today, this is possible. RISK: The only main risk I see at this stage (considering this dip price) is if broader market pressure continues.
If you would like to see more on fundamentals behind this company, please check the previous analysis.
Good luck traders!
But, the stock has closed the day with a bullish spinning top candlestick. Coming from a week of pressure, this is a great sign of a possible trend reversal.
The stock is up touching $9 pre-market today (up nearly 12.5%), which is a better entry that my previous analysis suggested. As marked on the chart, it will need to break the $9.90- $10 resistance, which was a previous support and recent resistance for the stock. If we see the volume today, this is possible. RISK: The only main risk I see at this stage (considering this dip price) is if broader market pressure continues.
If you would like to see more on fundamentals behind this company, please check the previous analysis.
Good luck traders!
Glad I held on to UAVS a bit longer than I had originally planned. 333% year on year earnings growth. What?
As long as broader tech and growth stocks see a good April (which I think they should) I'm looking at UAVS re testing 12$ price