Geospace Technologies Corporation : Still a great upward potential
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$109.49 | US$0 | US$104.8 | -100% |
From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the USD 126.2 long term resistance.
Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position above the USD 110 area. The first target price is the USD 126.2 resistance. A breakout of this level will be a new bullish signal for a higher target price. A stop loss will be set below the USD 105.