Target $178, Risk 2%, Reward 11%
Switched to the daily for this pattern. Looking at a cup and handle into earnings. After a breather this past year, cyber is becoming another hot topic with the election. Pay attention to this as the next 2 weeks go. Im a buyer on volume www.trendyprofits.com
www.cnbc.com I decided to analyze this stock after hearing about McAfee being appointed C.E.O. and the massive gains that were made that day. On the monthly chart it appears that MGT19.69% may have just completed a double zigzag pattern or possibly a triple pattern (which we can't see because of the 10 year gap in public trading, I've also hidden the data prior...
This is one of my favorite stocks heading into 2016. If theres a breakout from this with volume.....BUY!
The company's sales have exploded more than +67% year over year. The company's earnings have increased more than 277% year over year. The company has shown HUGE signs of improvement and growth. Once again folks, the cyber-security industry looks hot and investors are betting on big growth from this industry over the next year. And get this, the company has $149...
What else is there to say....Looking for some healthy consolidation before earnings, then a gap up.