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Jrussell86
27 ינו׳ 2018 13:11

Falling Wedge UNDERVALUED לונג

Acacia Research CorporationNASDAQ

תיאור

Keep this on your radar! DCF models ≈ 12.6-25.68, margin of safety >85% . VERY strong balance sheet and improving REV and FCF Q/Q.

The larger weekly picture picture shows a massive head and shoulders-which cannot be ignored, but we don't believe there is any good chance of it playing out.

On a shorter time frame the previous diamond pattern has been nonproductive because price went through apex.

50DMA has started to curl up on daily suggesting possible breakout of wedge; momentum has been increasingly less negative confirming this theory. Very strong resistance and support at current level. Under 3.8 and above 4.5 it can move fast, set stops accordingly.
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