FONAR Corporation: Shares Look Ready To Embark On A Sustained Bullish Run (Technical Analysis)

FONR Valuation Grade Firstly, the fact that shares of FONR managed to take out their 2021 highs is noteworthy, as this may denote a long-term change in trend in the stock. Secondly, the fact that the recent May lows took place above FONAR's 2023 lows is another encouraging trend. As mentioned, we are waiting for follow-through to the extent of a bullish MACD intermediate crossover followed by a bullish moving-average crossover in due course. Given the end of the stock's trend of lower lows, we believe the a ...