@MaksimFA, lots of resistance action going on, we might see that breakout by the end of the week
MaksimFA
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Good analysis, that resistance in the $11.50 range is fairly strong, although fundamentally the company is turning around quite well and now repositioned into software.
If it does break that $12 target, the sky is the limit.
alalim
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@MaksimFA, thank you for the input! I definitely agree that they are transitioning well into software, and believe that their reputation for being mostly a smartphone business was dragging down on the stock for a while. However, with the upcoming changes to come in tech (autonomous cars, IoT, information security, etc), they seem to be in a very good position in the long term. Factoring in their future potential growth even the post-earnings price of $11 a share seems relatively cheap. There are many other companies providing similar services though, so only time can tell..