“I bought C-MER EYE (3309) at $5.28. What is its outlook? What should be my target price and cut loss price?” (Headline Daily)
Let’s take a look at the weekly candlestick chart for this stock today:
This stock is in downtrend recently. Although it has recovered a little bit, it is still quite far below the 30-week SMA line. I would stay away from this stock at this moment.
Full disclosure: I do not hold any position in this stock at the time of this writing.
