ASO (Long) - Great value and robust growth
Fundamentals:
- ASO has been a strong performant throughout the 2022. We can see that even when the market has been struggling significantly, the stock has not budged, and held in a strong uptrend.
- With a P/E ratio of 7.8 and P/S ratio of 0.7, it is one of the cheaply-valued stocks in the market. Despite the fundamentals of a value-stock, it provides growth-like returns with significant stock appreciation.
- It pays a solid dividend and the analysts are predicting an accelerating growth in the coming years.
Technicals:
- the chart is an absolute beauty. After about a year, the stock has developed a double-bottom pattern with a rounding base which ended in a clean breakout on strong earnings
- The breakout has been confirmed and the stock has been rising ever since
- The indicators also suggest a continued rise with RSI in a solid formation and stochastics showing persistent price growth
Trade:
- The stock is creating a triangle-like formation on the weekly and daily, which could result in an upward breakout
- The technicals, however, suggest a long-term potential and probably a solid long-term investment as well. Hence, entry point here is not of the upmost importance
Follow me for more analysis & Feel free to ask any questions you have, I am happy to help
If you like my content, Please leave a like and a comment, it motivates me to keep producing the ideas, thank you
- ASO has been a strong performant throughout the 2022. We can see that even when the market has been struggling significantly, the stock has not budged, and held in a strong uptrend.
- With a P/E ratio of 7.8 and P/S ratio of 0.7, it is one of the cheaply-valued stocks in the market. Despite the fundamentals of a value-stock, it provides growth-like returns with significant stock appreciation.
- It pays a solid dividend and the analysts are predicting an accelerating growth in the coming years.
Technicals:
- the chart is an absolute beauty. After about a year, the stock has developed a double-bottom pattern with a rounding base which ended in a clean breakout on strong earnings
- The breakout has been confirmed and the stock has been rising ever since
- The indicators also suggest a continued rise with RSI in a solid formation and stochastics showing persistent price growth
Trade:
- The stock is creating a triangle-like formation on the weekly and daily, which could result in an upward breakout
- The technicals, however, suggest a long-term potential and probably a solid long-term investment as well. Hence, entry point here is not of the upmost importance
Follow me for more analysis & Feel free to ask any questions you have, I am happy to help
If you like my content, Please leave a like and a comment, it motivates me to keep producing the ideas, thank you