CheelooTrader

FIGS - Multibagger potential

Long
CheelooTrader Mis à jour   
BATS:FIGS   FIGS, Inc.

  • Fundamentals look incredible. Chart is setting up nicely with a nice bottom formation in progress.
  • I have started to notice FIGS outfits at more healthcare facilities. A new trend might be on the rise and it could propel this company to a billion club. Current valuation is too cheap I think. This could well be next CROX
  • No position yet, but I will add some for my long term account.
Commentaire:
Looks for any tightening here for break out of this pattern here
Transaction en cours:
Nice big bullish candle just at the pennant support. will raise the stop to 7 now.
Transaction en cours:
Backtest of 7.5 likely tomorrow on the heels of NKE ER. If it holds, next target will be 10.
Trade fermée: ordre d’arrêt atteint:
I got out yesterday for a breakeven. I did not like the weakness yesterday around the pennant trendline support. There are better set ups available in terms of risk/reward. Will enter as it builds on the daily for continuation.

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