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!
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