I like to post both bullish and bearish scenarios because either are always a possibility.
The bearish scenario in this case is that the initial gap was one of the three drives in which case this is headed down. My add point is $5.15 based on this chart, I plan to sell some if it goes over $7.
In any case, the fundamentals support $8.5 at 50 trailing P/E, but it's almost doubled in less than a week, so there's bound to be some selling. Still buying the dips on this one.
The bearish scenario in this case is that the initial gap was one of the three drives in which case this is headed down. My add point is $5.15 based on this chart, I plan to sell some if it goes over $7.
In any case, the fundamentals support $8.5 at 50 trailing P/E, but it's almost doubled in less than a week, so there's bound to be some selling. Still buying the dips on this one.
Nota
Maybe I need an alternate alternate scenario where it does nothing, lol.Nota
Looks like this wasn't too far off either...
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.