Chart looks wonderful. Textbook bearish to bullish reversal setup here. bottomed in 8/24, series of higher highs and higher lows since. Seen in the cup-like pattern forming.
I would play the coming bullish breakout - from the pennant pattern -with an aggressive long upon price action confirmation.
Fundamentals also look strong. Cheap valuation at 14 times forward (granted growth has slowed materially since COVID era). FCF/EV yield of 11+% and profit margins north of 30%. I don't see much downside risk. I see plenty of upside, especially if investor sentiment surrounding software mean reverts.
This is not financial advice. Good luck!
I would play the coming bullish breakout - from the pennant pattern -with an aggressive long upon price action confirmation.
Fundamentals also look strong. Cheap valuation at 14 times forward (granted growth has slowed materially since COVID era). FCF/EV yield of 11+% and profit margins north of 30%. I don't see much downside risk. I see plenty of upside, especially if investor sentiment surrounding software mean reverts.
This is not financial advice. Good luck!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.