The leader among smallcap API names which has a quality management.
The stock is approaching its VWAP of its entire fall..its coincidence that it also coincides with the downward trendline..
I would buy this in 3 phases..first above 1530..then above 1585 and finally above 1630..
After the first buy my SL would be below 1445 and then at cost.
Results are coming so i'd try waiting for that before reaching full allocation unless we see massive volume spikes leading up to the results.
The stock is approaching its VWAP of its entire fall..its coincidence that it also coincides with the downward trendline..
I would buy this in 3 phases..first above 1530..then above 1585 and finally above 1630..
After the first buy my SL would be below 1445 and then at cost.
Results are coming so i'd try waiting for that before reaching full allocation unless we see massive volume spikes leading up to the results.