The language learning app Duolingo continues to outperform As tech related stocks break out higher, DUOL is another one not followed by many that needs to be watched.
While the company is yet to put in a profitable year, its revenue has grown from 71mn in 2019 to 369mn in 2022. GP margins remain very strong but NI is yet to turn positive.
Its total cash position has grown from 60mn in 2018 to 608mn in 2022, giving the company ample cash for expansion.
Current ratio is around 3.64 as of Dec 2022.
Very limited long term debt.
Cash per share is $15.63
Technically, the stock remains in a well established stage 2 uptrend where good pull backs on low volume could be considered as buying opportunities.
With the company expected to grow its revenue by another 37% this year and its losses to shrink further and put the company closer towards profitability, DOUL continues to be a solid growth stock.
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Reaching the target 1 and waiting for target 2 - Dynamic rangeBITSTAMP:BTCUSD
If you follow to me during the last week you was taking profits at leats from 618 to 463, because you saw my idea when I announce that massive bearish movement. Then you saw when I announce the bullish movement and right now we are reaching our first target and we are waiting the second. In this post I'll give you the keys to handling this operation if you followed my advice and you're reaping significant benefits.
If price breaks decisively the point A (600) keep the trade until 636.
If price breaks decisively the point B (581) put your stop loss on point C (562).
If price breaks decisively the point C (560) wait for my confirmation for short trade.
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Critical zone for bitcoin next destination: 638 or 558BITSTAMP:BTCUSD
The price has been on a break of its expansion now breaks feebly. Thus:
If the price breaks this strong pause and relies on it with a pullback we can expect another expansion to the point X.
If the price breaks point B wait for confirmation to enter again.
Key moment. End of contraction.FX:XAUUSD
The price fails to establish a new high for the current expansion, this expansion is actually a contraction last bearish movement. Thus:
We can expect a further expansion down if the price breaks the point A.
If the price rebounds from point A we can expect an upward movement to the point X (The top of the dynamic range).
If the price breaks point A, it sure got at least to point B.
If the price keeps a good bass player can take the first speed benefits at point B, the second at point C and the third at point D.
This moment is key.
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