Long Position on KRNT @ $162.00 on 11/30/2021 (Fundamentals)

Kornit Digital Ltd. (KRNT) develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry worldwide. 

The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services.

Its products and services include direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and maintenance and support, and professional services.

The company serves decorators, online businesses, brand owners, and contract printers. 

Shares are heading higher in an upward trading channel. Currently shares at the lower boundary of the said channel. The lower boundary coincides with the stock's 50-day moving average. We expect shares to start moving higher from current levels.

Entry Point: $162.00

Stop Loss: $154.00

Trading Range: $79.76 - $181.38

Target Price: $180.00

Position closed on 12/16/2021 at price of $154.00 with a -4.94% loss in 16 days.

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