Idea showing 1.2.3.4.5 trying to display my rationale of why I expect the next move upwards Symmetry with the last down move at 1 allows for this move up towards 5 Forms a large W pattern Bullish on this daily timeframe
CODA is in a good spot on multiple time frames to continue this uptrend after recent breakout. should hit the 200DMA soon.
Short interest 12.72% Coda Octopus Group, Inc. engages in designing and manufacturing patented real time 3D sonar solutions. It operates through the following two segments: Marine Technology Business and Marine Engineering Business. The Marine Technology Business segment develops solutions for both commercial and defense subsea market. It is also called the...
Higher lows/highs since may. We can see there has been institutional buying since june, which explain the recent price spikes. TTM PE = 13.2 accounting for current assets- total liabilities.
Coda is currently evolving in a descending triangle. The triangle point is on the annual support S1 which gives the figure a high probability to evolve to a rebound. Stock is undervaluated comparing to book value and PER and ROIC is among the best of the sector.
I am long this stock, but small H&S on hourly may provide us a better entry @ 200 DMA or lower around 7.4.
Reversal in place, backtest done on low volume. I'll add to the trade on a bullish candle confirming the resumption of trend.
Coda Octopus is an underwater engineering company and maker of sonar. that appears on the verge of a trend line break. The stock is down some 60% off its high from May, but has stabilized around 7.50 and appears on the verge of a trend line break. CODA has recently attracted some interest from institutional investors, which helps account for the stabilization....
CODA: coda octopus group 2018-06-18 09:30:12 Detected possible sale of company or assets