BLBD- PANIC DIP BUY OPPOTUNITY /DEAD CAT BOUNCE TRADE
This looks like a quick and simple trade idea, or perhaps a great buying opportunity for the long term.
I believe BLBD is quite undervalued, they are the largest manufacturer of school buses in the US, and Canada as well i believe.
The big thing that caught my attention from their earnings report that was recently released is the importance of transferring into a EV play.
They have such a big market share already, that they could easily become top in the EV bus space.
I think there is a high probability that this will at least bounce off the S3 Pivot point and retrace to a .50 Fib level. (roughly around $21.00)
Please share your comments on the Stock Below! Do you think this sell off after earnings is overblown, or do you think this company is currently overvalued?
I believe BLBD is quite undervalued, they are the largest manufacturer of school buses in the US, and Canada as well i believe.
The big thing that caught my attention from their earnings report that was recently released is the importance of transferring into a EV play.
They have such a big market share already, that they could easily become top in the EV bus space.
I think there is a high probability that this will at least bounce off the S3 Pivot point and retrace to a .50 Fib level. (roughly around $21.00)
Please share your comments on the Stock Below! Do you think this sell off after earnings is overblown, or do you think this company is currently overvalued?
Comment:
Update: Dip buy on BLBD was also a successful trade. very low risk and a nice return back to the 0.50 on the fib. $3.00 per share on $18.50 is a good two week return in my books!