Long term Bullish, 20 dollars, Short term Bearish
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First stock analysis ever - Would love some input / criticism.
I expect ME to hit 20 some time next year, but we may see lower prices short term. I think this stock is quite undervalued even in this current overvalued market - however should the state of the current market correct properly I could see ME dump along with the rest of the market and also because ME was a SPAC, even though its Richard Branson (Virgin) who's in the Pipe of the original SPAC deal.
I expect ME to hit 20 some time next year, but we may see lower prices short term. I think this stock is quite undervalued even in this current overvalued market - however should the state of the current market correct properly I could see ME dump along with the rest of the market and also because ME was a SPAC, even though its Richard Branson (Virgin) who's in the Pipe of the original SPAC deal.
Nota
Interesting, my first prediction played out, both short term and long term, I managed to snatch some share at 7.76. This was however due to news on the stock and not as much technical analysis.However I do expect this to cool of and return to the median short term (10 per share).
Nota
Seems like we are headed for 9, maybe even 8,5. I think to buy at those prices.Nota
Took profits at 13 - but still took the tax loss later in 2021. They have fallen off a cliff since, but 3,5 seems to be the bottom - as we are nearing the cash that the company has in hand (marketcap comparision).
Looking to buy
Penafian
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