TME bottom can be very near
2 possible bottom levels:
Level 1- 6.85 which it touched twice in the last 1 week.
Level 2 trendline touch, can be around 6-6.25, this level is very important as reversal can be started from here based on the history.
From this level i.e 6$, I am expecting a bounce to 9's range.
Fundamentally this stock is very cheap, 5B approx. sales expected in 2021 and 5.5B in 2022, which makes this to trade at 2.5 Prices/Sales ratio.
Level 1- 6.85 which it touched twice in the last 1 week.
Level 2 trendline touch, can be around 6-6.25, this level is very important as reversal can be started from here based on the history.
From this level i.e 6$, I am expecting a bounce to 9's range.
Fundamentally this stock is very cheap, 5B approx. sales expected in 2021 and 5.5B in 2022, which makes this to trade at 2.5 Prices/Sales ratio.
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