Beaten down, but fundamentally still a good business and my research is telling me that sales have picked up meaningfully since last earnings. Chart has a nice RSI divergence and daily reversal candle signifying a bottom has just been made on Friday 17th Jan.
Ballsy to pick an exact bottom? Yes... But sometimes a setup comes along that you have high confidence on and this is one of those for me ;)
Ballsy to pick an exact bottom? Yes... But sometimes a setup comes along that you have high confidence on and this is one of those for me ;)
Note
Sorry for a messy chart - left all my indicators on. But also forgot to mention that awesome oscillator looks very good at this point, nice bullish div.
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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.