Potential setup for a long term hold.
This is a darkhorse play here with the potential of big 1000%+ gainers in the long term. Right now, price action is in the distribution stage and trading sideways. This zone is where most institutional investors are investing in and placing their money. Hence the motto "buy low, sell high" concept.
Don't know too much about the company but it looks like they have a good, smart CEO and also a good team behind it which is a good recipe for a bounce back revival for the company. Also, they're not in debt and have sound money management business model which is a good sign they won't go bankrupt anytime soon.
Definitely a dark horse play here if you don't want to buy high with the FANGS companies and risk carrying bags when they eventually crash.
Don't know too much about the company but it looks like they have a good, smart CEO and also a good team behind it which is a good recipe for a bounce back revival for the company. Also, they're not in debt and have sound money management business model which is a good sign they won't go bankrupt anytime soon.
Definitely a dark horse play here if you don't want to buy high with the FANGS companies and risk carrying bags when they eventually crash.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.