The analyst is bullish on ADUR, expecting a move to $31 from the current $15 price, implying a 100% gain target in Wave 3.
Bullish technical indicators including a consolidated bullish wedge, wedge breakout with retest and hold, bounce, Golden Cross, and support at the 50 Day MA suggest a move to $31.
$ADUR Bullish indications: - Consolidated bullish wedge - Wedge breakout followed by a retest and hold - Followed by a bounce - Followed by a Golden Cross - Now using the higher support level on the 50 Day MA - Moving in Wave 3 to $31 Price is now at $15 +100% gain just to get to our Wave 3 target. Very easy decision here
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +1.8% | +2.1% |
| 1 week | +4.5% | +3.9% |
| 1 month | — | — |
| 3 months | — | — |
| 6 months | — | — |