$JSECOH - Curro: The Big Picture
First time coverage.
Curro took off like a rocket after its IPO peaking in 2015 @ 5802 cps.
Fast growth always has sustainability questions and the market has not been kind since.
The stock, like many others, found a bottom in March 2020 after the covid outbreak but the bulls have been timid, perhaps highlighting the fundamental picture.
From an Elliot Wave perspective, the big bear from 5802 to 462 unfolded as a zig zag which in all likelihood is complete.
This could be a value trap; the technicals might look good but one has to take a deeper dive into the fundamentals.
I am neutral to bullish.
Curro took off like a rocket after its IPO peaking in 2015 @ 5802 cps.
Fast growth always has sustainability questions and the market has not been kind since.
The stock, like many others, found a bottom in March 2020 after the covid outbreak but the bulls have been timid, perhaps highlighting the fundamental picture.
From an Elliot Wave perspective, the big bear from 5802 to 462 unfolded as a zig zag which in all likelihood is complete.
This could be a value trap; the technicals might look good but one has to take a deeper dive into the fundamentals.
I am neutral to bullish.
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