Illumina at 90$ ish to a 5x The wix is giving green and very low. The rsi is showing oversold and ready to turn upward. Support shows we could go as low as 79 but anything around this area seems a value buy.
I do like it below 100/share but 2 quick points: (1) I think it will take longer than 12 months to reach 5x. It could even be longer than 24 months ... and (2) the company is currently unprofitable and is seeing stagnating revenue growth so the supports could be as low as $70 or even $55 per share. I am buying but managing risk with a series of relatively tight trailing stop sell orders.