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Strategies & Market Trends : Charts for Breakout II -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (8096)11/8/2021 3:16:14 PM
From: Rarebird1 Recommendation

Recommended By
Area51

  Read Replies (1) | Respond to of 8531
 
TSE chart: the stock has a first target of $85 written all over it. Second target after consolidation is $105-$110.

Earnings are expected to remain flat next quarter.

There is immediate short term risk to $53. But the R/R is outrageously slanted to the upside.

As I said before, the Smart money may wait another day or two to see some stability in the stock price. The Smart investor would take a partial position here and add on strength.