Opinions
Keith Richards
DragonWave
DRWI-Q
BUY
Oct 01, 2013
$2.090
Stock price when the opinion was issued
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Wireless products provider. Chart is doing what he would call a Setup. A downtrend ran from the beginning of 2011 and was broken. It is now basing and has a floor of about $1.70 and the ceiling would be at about $3.50. This could be a trade from the bottom. The real action is going to happen if it breaks the $3.50 area. In the meantime, treat it as a trading stock. If it breaks the $3.50, he would call it very, very Bullish.