$ABS undervalued target 11.20 per share
Updated
ABS CBN is already undervalued by the market. Traders and investors soon will realize that the company has positive results on its total revenue, gross profit, operating income, and pretax income.
We have a gap to close around 10.00 – 10.70 area and expected to overshoot until 11.20 as my final Target Price.
We have a gap to close around 10.00 – 10.70 area and expected to overshoot until 11.20 as my final Target Price.
Trade active
with Bollinger band squeeze, we decided to execute entry.. buying below 7.50
Cut loss below 6.65 ~ -12%
Target Price at 11.20 ~ +48%
Comment
to update on this trade, we hit our cut loss level at 6.65 on April 2023 but we decided to hold the position and eventually sold ALL at a loss on June 2023. as of today, ABS is at All Time Low of 4.04 closing on August 7, 2023. We are expecting this to go further down and hopefully stabilize at around the 3.69 - 3.79 area.
buying below 3.69 - 3.79
Cut loss below 3.50
Target Price at 40+ (Graham Value is at 59 as of this writing)
Trade at your own risk
Trade closed: stop reached
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