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JanOne / Fintech Alt5 effect: Significant reversal expected
JanOne's recently purchased subsidiary, Alt5, reports 91% year over year increase in Transaction Volume to US $289 million for April and May 2024 on June 13, 2024.
Following a recent price correction, the stock has settled around the $2.30 to $2.40 range. This level appears to be a solid base for a nice rebound. Investors including me, may find this price range attractive, especially considering the recent dip. The RSI as well as MACD have cooled off. This could also indicate a potential reversal.
Price Target: My personal price target for JanOne over the next 6 months is in the range of $12 to $15. This projection considers the positive fundamentals, recent transaction volume growth, and technical indicators.
Following a recent price correction, the stock has settled around the $2.30 to $2.40 range. This level appears to be a solid base for a nice rebound. Investors including me, may find this price range attractive, especially considering the recent dip. The RSI as well as MACD have cooled off. This could also indicate a potential reversal.
Price Target: My personal price target for JanOne over the next 6 months is in the range of $12 to $15. This projection considers the positive fundamentals, recent transaction volume growth, and technical indicators.
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