" A P/E ratio, or price-to-earnings ratio, is a financial metric that shows a company's share price relative to its earnings per share (EPS). It indicates how much investors are willing to pay for each dollar of a company's earnings, helping to assess if a stock is overvalued, undervalued, or fairly priced. For example, a P/E ratio of 20 means investors are paying $20 for every $1 of the company's current earnings "
Note
Bought it a bit early!Note
Head winds is our seasonality !Note
Still Red on this, scratching my head if should average or not !Note
Up dates incoming ....Note
A long lower shadow candlestick (hammer or dragonfly doji) features a small real body at the top of the range and a long, extended wick below, typically at least twice the body's length. It signifies that sellers initially pushed prices down, but buyers aggressively drove them back up, closing near the open. Key Characteristics and Interpretations:
Market Signal: It is primarily a bullish reversal signal, indicating that selling pressure is exhausted and buyers are taking control.
Location Matters:
At the bottom of a downtrend: Known as a Hammer, this indicates a potential bullish reversal.
At the top of an uptrend: Known as a Hanging Man, this can suggest a bearish reversal, signaling that the sellers are starting to challenge the buyers.
Structure: The body can be black/red or white/green, but a higher closing price (white/green) provides a stronger bullish signal.
Psychology: Represents a struggle between buyers and sellers where buyers ultimately dominated by the close.
Confirmation: Traders often wait for a subsequent bullish candle to confirm the reversal.
Note
Seasonality is a tail wind for us from Mid February till June " All else absolute in the universe out there" Note
In short, everything has and still is suggesting that a trough is in progress since we bought GIS back in late October up the this last update. Pin pointing a low is not as simple as you might think if your feet is in the mud ;-)If you are just watching/taking then everything is easy !!!
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
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.
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
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.
