I am long term bullish on CEVA and expecting it to reach its first target in next few months around $70 and then potentially test previous highs and breakout. Current priced bounced from 0.50 Fib (it did went little more further but reversed) and technically speaking should go to $70.00 and so on... RSI shows bullish divergence on daily as well also double...
CEVA’s long- and mid-term trend charts are presented.
CEVA is probably in the beginning of a strong long-term rise.
CEVA is a leading licensor of wireless connectivity and smart sensing technologies. CEVA offers Digital Signal Processors,
AI processors, wireless platforms and complementary software for sensor fusion, image enhancement, computer vision,
voice...
Buy on 30 $.
Profit prediction:
Short time: +35 % (price level 40 - 42 $)
Long time: +140 % (price level 70 - 75 $)
This is not financial advice. I'm not your financial advisor.
Entry level $29.65
Target Price $33.97
Stop loss $28.70
Average Recommendation: Overweight
Average Target Price:$ 32.17
Company profile
CEVA, Inc. engages in the licensing of signal processing platforms and artificial intelligence processors to chip manufacturers. It operates through the following geographical segments: United States, Europe and Middle East,...
My trading software has detected a double bottom in CEVA. The price is currently under the breakout line, but I suspect it will move north soon (it happens often in this pattern that the price dips - actually the stock is a bit cheaper now).
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