Technicals
Stock is channel bound with expanding volatility.
Upthrusts are weaker when bouncing off the resistance.
Has a weaker relative strength than the market.
Overbought and prime to reverse.
Good amount of profit taking at the top of the channel.
Fundamentals
Revenue is good but margins are compressing.
2021 was an anomaly year, they had solid cash flow and margin expansion; but now they are priced to have this growth continue.
Caveat: valued reasonably relative to competitors.
Stop above the channel incase this is backing up action leading into a break out.
Stock is channel bound with expanding volatility.
Upthrusts are weaker when bouncing off the resistance.
Has a weaker relative strength than the market.
Overbought and prime to reverse.
Good amount of profit taking at the top of the channel.
Fundamentals
Revenue is good but margins are compressing.
2021 was an anomaly year, they had solid cash flow and margin expansion; but now they are priced to have this growth continue.
Caveat: valued reasonably relative to competitors.
Stop above the channel incase this is backing up action leading into a break out.
Trade closed: stop reached
Close on stop - consider re-enterin the future
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.
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.