New 52wk High in the Horizon

2 feb. 2020Photon Controls setting up for nice move up, DEMA 11/22 crossed and rising. DEMA 22 sitting at support of $1.25 and DEMA 11 sitting at $1.35 or high for previous week with trading staying between $1.27 to $1.35. A/D is above its 22EMA sitting flat looking for it to start rising in the coming weeks. Photon Q3 showed cash and cash Equivalents of $34 Mil, used $.9 Mil to repurchase shares( always a good sign to see shares being bought back), posted $8.7 Mil in Revenue increase of 23% compared to Q2 , $1.5 Mil in Net Income with expectations of further increase to Rev in Q4. Looking back at insider buying we can see that they have been adding since Mid 2017 with little to no sale of shares. With the continued advancement/ increasing orders and New markets being opened (Look at Dec 16, 2019 news release) Photon has alot of bullish indicators signaling movement to new highs into the Q4 financials.
Current Target $1.74
Expected entry Point $1.28 - $1.30
Current Support $1.25
Current Resistance $1.40
Possible Low Zone $1.16 - 1.25