FOXF compressed, ready for rebound

NASDAQ:FOXF   Fox Factory Holding Corp.
FOXF can be considered a COVID stock. They sell suspensions for mountain bikes and off-road vehicles. As with many other COVID stocks, FOXF is down ~50% from its high just a few months ago.

When looked at with weekly candles since 2016 (7+ years!), we can draw 3 roughly parallel lines reflective of support for multiple years. We are just about to hitting the middle one at the $100 mark. This mark has broken these past few weeks but still holds great value:
1) as a psychological value. Everyone likes stocks to be above $100, so it's a natural buy/sell point
2) it corresponds to the 0.618 Fib almost perfectly from the COVID low to the post-COVID high
3) it intersects the middle support-trend line that has been in place since late 2018 (with the exception of the COVID downtrend

Furthermore, when we look at technical indicators on the weekly:
a) RSI <30 = Oversold
b) MACD is negative and at an all-time-low.
c) STOCH is <10 = Oversold.
Each of these indicators say it's oversold. To me, that reads BUY BUY BUY! Assuming of course fundamentals are still good:
- PS = 3.25 = in-line with 2018/2020 pre-COVID
- PE = 26 = in-line with pre-COVID values since 2015
- Revenue increasing
- Net Income increasing

Price Targets:
~120 operated as a triple bottom (recently as a quadruple bottom at the end of Jan 2022)
~140 operated as resistance/support since COVID
~166 was a flat top wedge that broke bullish since COVID
~190 all-time-high

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