POET a newly listed NASDAQ stock that owns over 79 patents with 12 pending for manufacture of photonic semiconductor chips. First wave almost retraced fully which means the third wave or fifth wave will hit the highest fib channels. Aiming for 1.618 for this one. Not financial advice
This indicates that the price of POET may be transitioning from a downward to an upward trend. Traders may want to consider purchasing the stock or looking at call options. A.I.dvisor checked back and found 19 more instances where POET's RSI Analyzer had departed the oversold zone, with 17 of them resulting in a win. 89 % chance of success
Indicators are on the rise, price broke above the last high and volume is up. My target is on the chart
Bullish Flag Pros: Descending volume during formation PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 8 200MA ascending 250RSI above 50 If confirmed: PT = 1.24$