Elliot Wave analysis on LamdaHi! I'm just trying to learn Elliot Waves. That is an actual trade that I just took.
I bought 50 pcs on 6.135, With a stop loss on 5.85 and a take profit on 6.95.
7 is a psychological number where I assume that the price will retrace. Completing the 3rd wave.
Fitch has increased Greece to BB+ a few days ago that's why most Greek stock's took a bull run.
Let's see if I actually learned something on Elliot Waves... In case you see a mistake please comment so I can correct my trading strategy and style...
LDQ trade ideas
Lamda Developments AnalysisFor the Margin of Safety I used:
Basic EPS 2020: 1.01
Possible EPS Growth: 15%
Discount Rate: 9%
A few data that makes me think it could be a good investment is that they just started getting income from the old airport Elliniko which they made it into new Villas and Office centers. So that should give them a better income for the next years.
While the margin of safety is very low than the current price. I would wait for some weeks to see if it brakes a small resistance or its support to judge accordingly. the price will drop eventually the next months to its Margin of safety price and rise from the begining of the 2nd quarter of 2022...
I'm a bad analyst with very small experience...
Let's see what happens