FIGS - Multibagger potential
Updated
- Fundamentals look incredible. Chart is setting up nicely with a nice bottom formation in progress.
- I have started to notice FIGS outfits at more healthcare facilities. A new trend might be on the rise and it could propel this company to a billion club. Current valuation is too cheap I think. This could well be next
CROX - No position yet, but I will add some for my long term account.
Note
Looks for any tightening here for break out of this pattern hereTrade active
Nice big bullish candle just at the pennant support. will raise the stop to 7 now. Trade active
Backtest of 7.5 likely tomorrow on the heels of NKE ER. If it holds, next target will be 10.Trade closed: stop reached
I got out yesterday for a breakeven. I did not like the weakness yesterday around the pennant trendline support. There are better set ups available in terms of risk/reward. Will enter as it builds on the daily for continuation.
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