RE:Stock pattern suggests a big move next weekmlapensee wrote: Since the middle of March, the stock has been doing a nice Flag pattern:
https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant_continuation
I use patterns and volume to make my stock purchase decisions....
Everytime YFI consolidates, it was with lower volume compared to when it rallied.... It did not go through the .16-.17 lows also...
If it goes to .24 with decent volume, we will see new highs... The symmetry of the Flag is perfect and ending... This suggests a big move next week and it should be up with the support it had.
My personal target range is .45 to .75... It is my favorite stock at the moment.... Very nice pattern...
With the fundamentals/facts that the board has provided, I believe that the fundamentals matches the technicals....
Let's hope for a good week next week.
Hope you're right, but don't really expect much of a jump until either there is more news, or the next Qs results look good. That said, i've not had an overbought alert from my brokerage in a few weeks, and the gear looks more and more solid. Their equipment is designed to handle 96 devices per radio at B or G, and support A as well. Not as fast as some of the stuff out there, but density wise far better than than several tier 1 and 2 competitors I've tested, and yes, because wifi is backward compatible, they work fine with both new and old devices. They're designed for rapid deployment, support a mesh backhaul for non-wired connectivity (great for large areas, streetlights, etc). No proprietary network or controller requirements, and solid outdoor units. I'd say 2015 could be a VERY good year for them, regardless of what the 'material news' they keep alluding to is! Looking forward to the next few months! Do your own dd, gl and gn!