ME trade ideas
Long term Bullish, 20 dollars, Short term BearishFirst stock analysis ever - Would love some input / criticism.
I expect ME to hit 20 some time next year, but we may see lower prices short term. I think this stock is quite undervalued even in this current overvalued market - however should the state of the current market correct properly I could see ME dump along with the rest of the market and also because ME was a SPAC, even though its Richard Branson (Virgin) who's in the Pipe of the original SPAC deal.
Long - 23andMeGot greedy on my first theory, volume was not strong enough to break the downtrend.
Bullish bias: I don't see how 23andMe is not becoming the google of consumer genetics.
Technical analysis is based on past impulses and potential movements based on a bullish 2022 Q1-Q2 market.
Not financial advice
