While keeping CTRL on watch (for no real technical reason other than the deep sell down) I came across this maker of remotes/smart home devices. Let’s use the large size charts (click for clear view).
The daily chart shows a break above both the 50 and 200 day moving averages. Consider however, that they are both still trending down which, even if a new uptrend is beginning would still be the case at this early point. It got a little overbought and any back filling to or toward 34.50 would be the ideal buy for anyone who might be interested. A reasonable breakout target is around 44. A failure of the moving averages around 34 starts to fail the trade.
The weekly chart shows a trend line break after the stock recovered from a breakdown below long-term support (i.e. a shakeout into the Christmas Eve stock market massacre). RSI is positive and MACD is on its way. A pullback to buy per the above would be for the best, but it re-took important long-term support and could also keep going since it is not particularly overbought on this view.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.
