INFN has a strong resistance as it has tested it 4 times in the past 3 months.
We are expecting that the price will retest the support again and we are expecting it to fail this time.
Enter the short position when (and only if) the price breaks the support.
Moreover, you can enter the short position when the price retests the support and confirms it as a...
Again, I don't get the pessimism. Another bullish chart pattern, with guaranteed +++Surprise earnings in May 5th.
Common, this is still way undervalued.
Last three quarters Surprise earnings +0.05, +0.08 and +0.11 (+550%).
Next four quarters earnings are exponentially increasing well into Q1 2022.
I think we will see 15-18 in the next 3-6months.
This stock showed some bullish move earlier
I jumped in at the break of a fractal box on the 27th of Jan Price $10.30
But it spiked up and pulled back
But it has not gone down more than needed to invalidate the setup.
Hence it is still a good setup and I'm staying in it for now.
Targets are $11.30
and $12.60
Goodluck
we are at a big resistance right now and we night need some time to cool down. it wants to break out of this downtrend channel. be careful for now because its acting as resistance :) gl!
As a beginner in Technical Analysis I just learned how to read the butterfly pattern and realized, as an INFN owner since some time, this would have been a great tool to spot the bearish breakout around July 29th with support by the RSI trigger!
Following this breakout looks to be a pennant formation setting up for a continued fall.
Input on this idea is very welcome!
INFN: Infinera Corporation
2020-07-14 08:00:10
GÉANT Awards Infinera Contract to Deploy 600G Transmission Technology to Interconnect Pan-European Research and Education Community
Judging from previous performance, it almost seems obvious that this stock is due for a pullback. Consistent negative quarterly earnings. Big gap to be filled, and the increase looks like it is due to some kind of institutional accumulation. It is already 88% owned by institutions. Selling 3/4th on the first down day at the close. Following through depending...
