RE:Bullish Pennant - $0.75 to $0.95 Target I agree, it's very hard to find a penny stock with strong fundamentals and such a potential, I will probably take my initial investment out (depending how far we will shoot) but let the rest ride. I first bought DM when we were trading at .13 and these shares are becoming more and more valuable to me the more I hold them :) Also, I strongly believe we have been through the worst and we weathered the storm quite well, the sentiment is changing and the money is about to start flowing back into growth stocks. Next week will be very exciting, that's for sure :) Only 2 sleeps left till Monday, can't wait to see these numbers :) Glta!
mrmonopoly wrote: Just looking this morning at the technicals on TD and it shows DM established a weekly bullish pennant with a steep price target. I don't usually give much credence to technical indicators on stocks below $1.00, but if you've watched DM closely over the past year, many of the technical indicators have held true. I don't think it would hold for long above $0.75, but I can definitely see DM spiking in that range IMO.
Lots of talk this week about people's exit strategies and their price targets. If you're looking at a full exit after a potential spike following Q1, I think you might be leaving the party at 10pm. Don't get me wrong, I'll start to take some shares off the table if this starts to take off, but a full exit is out of the question. I think we're gonna hear a lot of AI development over the next few months (MDA co-bid, Germany team, Cyber Command, NATO, etc...) and we'll start to see the true DM story start to play out.
Not financial advice, just my opinion. DYODD.