A 44% drop since November 2024 in this Financial Data powerhouse, is this a knife worth catching or does this have lower to go?
Purely from a technical perspective, this chart is extremely weak. We are clutching onto a long term trendline, with the 0.786 Fib and 200M EMA just below. If we get a meaningful bounce here, there could be a swing trade opportunity. I'd rather wait for some positive momentum to kick in before trying to pick a bottom here.
Fundamentally the company is barely growing, at a low single digit growth. Whilst the company has a sticky product through their subscription model, they have invested in AI enhancements to their data capability tools. The market doesn't believe in the story, but if you do then this could be a good time to consider a contrarian trade.
Not financial advice, I hold no position (yet).
Purely from a technical perspective, this chart is extremely weak. We are clutching onto a long term trendline, with the 0.786 Fib and 200M EMA just below. If we get a meaningful bounce here, there could be a swing trade opportunity. I'd rather wait for some positive momentum to kick in before trying to pick a bottom here.
Fundamentally the company is barely growing, at a low single digit growth. Whilst the company has a sticky product through their subscription model, they have invested in AI enhancements to their data capability tools. The market doesn't believe in the story, but if you do then this could be a good time to consider a contrarian trade.
Not financial advice, I hold no position (yet).
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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.
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.