This looks like a quick and simple trade idea, or perhaps a great buying opportunity for the long term.
I believe BLBD is quite undervalued, they are the largest manufacturer of school buses in the US, and Canada as well i believe.
The big thing that caught my attention from their earnings report that was recently released is the importance of transferring into a EV play.
They have such a big market share already, that they could easily become top in the EV bus space.
I think there is a high probability that this will at least bounce off the S3 Pivot point and retrace to a .50 Fib level. (roughly around $21.00)
Please share your comments on the Stock Below! Do you think this sell off after earnings is overblown, or do you think this company is currently overvalued?
I believe BLBD is quite undervalued, they are the largest manufacturer of school buses in the US, and Canada as well i believe.
The big thing that caught my attention from their earnings report that was recently released is the importance of transferring into a EV play.
They have such a big market share already, that they could easily become top in the EV bus space.
I think there is a high probability that this will at least bounce off the S3 Pivot point and retrace to a .50 Fib level. (roughly around $21.00)
Please share your comments on the Stock Below! Do you think this sell off after earnings is overblown, or do you think this company is currently overvalued?
Note
Update: Dip buy on BLBD was also a successful trade. very low risk and a nice return back to the 0.50 on the fib. $3.00 per share on $18.50 is a good two week return in my books!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.