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.
Note
Maybe I need an alternate alternate scenario where it does nothing, lol.Note
Looks like this wasn't too far off either...
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.