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Sunday, December 23, 2018 6:25:29 PM
Okay, here's what I see. I know Steven Rash is advocating for NOUV. That being said, lets go to the charts. In charting, the object is to find historical patterns and try to use indicators to predict future moves. I'll just stick with historical patterns. Both NOUV and KALY are young companies to the sector. What I'm looking at is a specific time of the year.
Here are both NOUV and KALY's 1 year chart. Note the months they run up:
Now here are other companies in the same sector and their historical runs. Note the months they run up:
I can give you more but you get the point. I don't care what happens during the year, only that timeframe. They appear to be guaranteed runs but nothing is guaranteed in the market.
My price targets are set accordingly. NOUV - $2, KALY - $12, ALKM - $2, PURA - $5. I have tons of DD to support why I think they will achieve those levels but am also confident they will not hold those levels.
I also believe 2018 is different for this pattern because now that the sector has changed, this will be the last time these will be seen at these levels. Next year (2019) at the same time will be explosive.
Just my opinion and thanks for reading! :)
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