Long term Bullish, 20 dollars, Short term Bearish
Updated
First stock analysis ever - Would love some input / criticism.
I expect ME to hit 20 some time next year, but we may see lower prices short term. I think this stock is quite undervalued even in this current overvalued market - however should the state of the current market correct properly I could see ME dump along with the rest of the market and also because ME was a SPAC, even though its Richard Branson (Virgin) who's in the Pipe of the original SPAC deal.
I expect ME to hit 20 some time next year, but we may see lower prices short term. I think this stock is quite undervalued even in this current overvalued market - however should the state of the current market correct properly I could see ME dump along with the rest of the market and also because ME was a SPAC, even though its Richard Branson (Virgin) who's in the Pipe of the original SPAC deal.
Note
Interesting, my first prediction played out, both short term and long term, I managed to snatch some share at 7.76. This was however due to news on the stock and not as much technical analysis.However I do expect this to cool of and return to the median short term (10 per share).
Note
Seems like we are headed for 9, maybe even 8,5. I think to buy at those prices.Note
Took profits at 13 - but still took the tax loss later in 2021. They have fallen off a cliff since, but 3,5 seems to be the bottom - as we are nearing the cash that the company has in hand (marketcap comparision).
Looking to buy
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.