Back in fashion?GOOD FUNDAMENTALS
Consensus = Buy
Valuation = Appealing (PE 13.42x)
Growth and profitability = Exceptional (ROE 44%, 5yr growth +53%)
Only target price is weak (flat), but could it be revised upwards?
TREND PICKUP
Sitting on the long-term MA50 support
Closed just below the medium-term MA100 resistance
Looks like it is possibly turning positive on the LT chart
Short-term trend looking solid with MAs turning positive
LEVELS
UP - 180 / 185 / 190
DOWN - 173.50 / 172.50 / 167.50 / 165
CONCLUSION
Go long here ahead of earnings in half position
Target 190. Potentially more if it breaks it to the upside
Stop 165
R/R a little weak at 0.8x (justifying the half position trade).
