Let' us analyze the pre-pandemic company results:
The after-pandemic results are 2-2.5 which is 2-3 times more!
1. We are close to the trendline again, which makes strong buyout support.
2. The fair price today is between 72 * 2 = 144 and 72 * 3 = 216!
Therefore, we are way lower then a fair pice now, so the chances for the immediate reversal are extremely high!
Besides,
* RSI is on the low border
* EWO is close to the pandemic minimum
* the 120-130 gap from November is closed
* The 200-day sma corresponds the trendline, see the idea linked
TUZEMUN!!! :-)
- We can see a strong trendline was formed from the beginning of 2019.
- From the middle of 2018 the company was doing good: the average earnings per share was 0.8, and was holding for 2 years
- The average price was ~72 on that trendline.
The after-pandemic results are 2-2.5 which is 2-3 times more!
1. We are close to the trendline again, which makes strong buyout support.
2. The fair price today is between 72 * 2 = 144 and 72 * 3 = 216!
Therefore, we are way lower then a fair pice now, so the chances for the immediate reversal are extremely high!
Besides,
* RSI is on the low border
* EWO is close to the pandemic minimum
* the 120-130 gap from November is closed
* The 200-day sma corresponds the trendline, see the idea linked
TUZEMUN!!! :-)
Comment:
/
TU
-- ZE
------ MOOOOOOOOOOOOON!!!!!!!!!!1111
TU
-- ZE
------ MOOOOOOOOOOOOON!!!!!!!!!!1111
Trade closed: stop reached
Basically, all the IT is lagging now, see NDX/QQQ/FXIT
But QCOM is special, since it also has strong fundamental