$LRAD great company, no debt and with recent news
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Posted On: 03/22/2018 2:52:33 PM
$LRAD great company, no debt and with recent news and bill in gov I am expecting contract news soon. Best in class products loved by law and military, they stick together.
If it spikes down to 200sma again I doubt it will be for long and will likely initiate the move back through resistance and make new highs once the 2.58 is ripped. However, I dont think the consolidation will allow it to get that low and it will push through 50 sma of around 2.30 soon and retest top of channel @ 2.40. Hopefully news hits and to the 2.58 test we go seeing little resistance along the way due to low floater with shares locked up.
Weekly even better with a bull pole flag with stochRSI dead low and oversold. Good news with vol could have this lined up as a measured move to little over $3.
Anyways, my .02 cents with a stop below 1.90 fwiw & GL
If it spikes down to 200sma again I doubt it will be for long and will likely initiate the move back through resistance and make new highs once the 2.58 is ripped. However, I dont think the consolidation will allow it to get that low and it will push through 50 sma of around 2.30 soon and retest top of channel @ 2.40. Hopefully news hits and to the 2.58 test we go seeing little resistance along the way due to low floater with shares locked up.
Weekly even better with a bull pole flag with stochRSI dead low and oversold. Good news with vol could have this lined up as a measured move to little over $3.
Anyways, my .02 cents with a stop below 1.90 fwiw & GL
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