An edgy trade but Oppenheimer recently opened a very bullish call on the stock with a forecast in the mid $20 range. The stock has a potential class action law suit around the corner which is worrying. However I like the underlying technology of the business.
Looking to enter the stock around current levels with a very tight SL and a 3/1 risk/reward ratio.
Recent days have shown a trend reversal and less volatility which I like.
RSI looks a bit toppish, so might offer a good opportunity to enter should the stock pull back a bit
Stock is scratching the recent levels before it gapped lower. Closing above would be a bullish indicator.
Go Long @ 12.20
SL @ 11.00
TP @ 16.00
Looking to enter the stock around current levels with a very tight SL and a 3/1 risk/reward ratio.
Recent days have shown a trend reversal and less volatility which I like.
RSI looks a bit toppish, so might offer a good opportunity to enter should the stock pull back a bit
Stock is scratching the recent levels before it gapped lower. Closing above would be a bullish indicator.
Go Long @ 12.20
SL @ 11.00
TP @ 16.00
Trade closed: stop reached
Adjusting Buy limit to 13.20 for the day