Everything can be explained on the chart, but to sum it up:
I believe this company is a great investment based on its great fundamentals and balances. Long term I could buy now, but with this analysis I think I can get a better price.
I think based on the current chart, we could head straight down (or bump to $50, then go straight down) to somewhere around $41.80 a share. From this price, I think we could get the BEST deal for the investment.
Long term thinking, investing now wouldn't hurt, but I think you could save at least $6 a share and buy from the position of around $41.80.
in conclusion: (very) short term SELL
long term BUY
I believe this company is a great investment based on its great fundamentals and balances. Long term I could buy now, but with this analysis I think I can get a better price.
I think based on the current chart, we could head straight down (or bump to $50, then go straight down) to somewhere around $41.80 a share. From this price, I think we could get the BEST deal for the investment.
Long term thinking, investing now wouldn't hurt, but I think you could save at least $6 a share and buy from the position of around $41.80.
in conclusion: (very) short term SELL
long term BUY
Note
It seems to be following the plan perfectly. If you happened to get in short you would be up... however since I am overall long on the stock I won't be shorting. Nonetheless, cheers.
Note
UPDATE:Initially CRTO did EXACTLY what we had planned and looked to be on track for a fall. However bullish market conditions have interfered, I warned above I would not be in a short play because I am long term long on the stock.
HOWEVER- the convergence is not broken yet, and the low levels of 41-42 a share ARE STILL A POSSIBILITY.
Note
Convergence STILL not broken, the trade cannot be cancelled as of now.Note
UPDATE: We are still NOT bullish on this stock until the 55 level breaks. For those still interested in shorting, you are still safe to short UNTIL 55 breaks. I will wait for this one.Note
UPDATE: If this current trend line breaks, the sells could be ready!
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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.