Target earnings release coming

18 Kas 2019

From the technical perspective, RSI currently indicates a magnitude of 61,52, slightly starting to lean towards the overbought side and a possible breakout again at 70, whereas MACD in the following days shows a golden cross triggering a buy signal at 112-124 $. In regards to past performance of a stock price, from 2018, January until 2019, August the stock traded between 64,89 $ and 90,17 $ levels, but then on 20 of August 2019 surged an increase about 19% in price due to strong Q2 release results. Right now, there is a lack of data to draw meaningful entry positions since the stock has been trading mainly sideways starting from 20. August. However, our recommendation would be to enter a long position within a range of 110.39 (expected bottom) and 112.00 (expected up-verse trend).