לונג

JanOne / Fintech Alt5 effect: Significant reversal expected

40
JanOne's recently purchased subsidiary, Alt5, reports 91% year over year increase in Transaction Volume to US $289 million for April and May 2024 on June 13, 2024.
Following a recent price correction, the stock has settled around the $2.30 to $2.40 range. This level appears to be a solid base for a nice rebound. Investors including me, may find this price range attractive, especially considering the recent dip. The RSI as well as MACD have cooled off. This could also indicate a potential reversal.

Price Target: My personal price target for JanOne over the next 6 months is in the range of $12 to $15. This projection considers the positive fundamentals, recent transaction volume growth, and technical indicators.

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.