1. Analysis:
- increased volume
- bullish engulfing candle on weak market (big absorption or short covering)
- pre earnings
- previous qt despite EPS miss had surging revenue, might have surprise to the upside
- china is lowering rates while world hike rates, might ramp up growth in growth stocks
- Already beaten down terribly, good entry.
Very good risk/reward ratio, although earnings is a gamble, stop might fly away, very risky but still appealing.
3 price targets marked on the chart (dashed line) with taking profits at levels to secure position and eventually scale back in after breakout of each area of resistance.
- increased volume
- bullish engulfing candle on weak market (big absorption or short covering)
- pre earnings
- previous qt despite EPS miss had surging revenue, might have surprise to the upside
- china is lowering rates while world hike rates, might ramp up growth in growth stocks
- Already beaten down terribly, good entry.
Very good risk/reward ratio, although earnings is a gamble, stop might fly away, very risky but still appealing.
3 price targets marked on the chart (dashed line) with taking profits at levels to secure position and eventually scale back in after breakout of each area of resistance.