Hey everyone, Just wanted to share this idea and get thoughts and feedback. Looking for it to re-enter the channel here? Would love to hear everyone's opinions
Correction: Between $33.99 and $51.92. The previous one pertains to BEI.UN. My mistake.
WheelAlloy
⋅
I have a statistical price range between $37.77 to $53.70; as of May 2021
sticky-fingers
⋅
A profitable company with increasing revenue and increasing cash flow. I'd be a buyer (half position) between here and the 200 day POC of ~ $35. Not happy price broke below the 200 MA. Not happy with a p/e of 27. This might trade sideways for a while. I'm seeing a potential 10% downside and good support around $35. and a potential +20% upside return from here to the mid-channel over the next few months if the world gets better. Resistance at $41.50. Earnings are due March 4. Thanks for sharing the chart.