Key points: 1. Incoming triangle breakout reversal of downtrend 2. 50% of free float was traded in the last days, who else is left to sell????? 3. I do not think that insiders, private equities and VCs want to sell at $9, after the lock up period. 4. P/S < 3!!! 5. Debt free & 22B+ of cash!!! 5. Sweet Risk/Reward Ratio setup 6.Target price of $20-$24 over the next 6-12 months
Note
The triangle is not that accurate sorry my mistake it's a bit higher from what i draw
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.