This seems to be under major accumulation. GS conference was major game changer and passing of ipo lockup expiration period allows sentiment to normalize. 24 was technical resistance, but we're clear of that now, with nothing between here and 30s. Based on GS conference (in part), I think we'll be in 40's by Q1 if not sooner. gl
GS presentation was solid; lots that will be providing good news/sentiments in H2 imo. technically, stock is clear to trade to 23-25. broke downtrend line; lockup expiration has come and gone, down from 40. sellers exhausted. gl.
same thing happened to me in NVGN last month. trying to figure out if this will be like that. looks strikingly similar in chart pattern, but that is not enough on which to base a decision. What do you see as next potential catalyst in terms of announcement/driver??
Two high volume breakouts from orderly consolidation patterns this year; both of these were followed by low volume ebbs, which is also bullish. Technicals look good for push over $20+. Fundamentals also good i think, with more positive news expected. I am comfy holding this right now, and I am very rarely comfy holding anything. GL