Setting up very well for a nice momentum based run this week. Closed Friday above the 8EMA, MFI coming out of an oversold condition and volume increasing 5 consecutive days.
Price Target: $4.60
I really enjoy playing this stock. I will be entering this one for the third time in the past month at this $1.00 level. This stock is known to have some big moves but you may need to hold this one for a week+ to capture the gains you are looking for. Very strong support at $1.00
Price Target: $1.10
This trade is a little risky as we don't have a ton to go off of after the gap down. But as you can see from the chart this stock gapped down to $1.20 range back in December and has risen all the way back up to $3.00. It gapped down again and bounced back up off that $1.20 level. Looking for a run-up this week.
Price Target: $1.42
I am liking the $3.50 support level that CRNT currently has. This stock has only broke below $3.50 1 day since November 2018. We have had several tests and bounces at this level on the stock, expecting a move to the upside this week.
Price Target: $3.75
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