How long can this stock growth remain irrational.
The candles on monthly chart clearly show parabolic rise. A reduction in trading volume. With 50 month MA at about 165 reversion to me could mean 50% correction. Very over bought on RSI. Rapid increase in P/E ratio is showing that this crazy growth is not a result of a massive earnings growth. Likely there will be more FOMO by dumb money. There seems to be a lack of understanding of value. A company does not have to be bad to be over priced.
This company is great with it's cash positions and margins. It's stock price have over compensated for the positives.
This company is great with it's cash positions and margins. It's stock price have over compensated for the positives.
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