Hello fellow traders and investors, here's another trade idea. QTWO has recently pulled back to the bottom of the ascending channel, if QTWO makes a recovery to the previous high it offers a 43% ROI.
Technicals: The Macd indicates that it's oversold and now in an uptrend The EMA's are close to crossing The RSI is oversold
When To Buy: When the EMA's crossover
When To Sell: I recommend selling at its previous high
Fundamentals: QTWO engages in the provision of digital banking solutions. Its services offer security, advisory, web services, custom services, and end-user marketing solutions. QTWO has a forward P/E of 182.50 which is absurdly overvalued, a debt/equity of 0.87 which isn't very good, a sales growth Q/Q of 25.60%, an EPS growth Q/Q of -113% which is very bad, a profit margin of -34% and a short float of 9%. In general there fundamentals are quite bad and I personally don't feel comfortable buying any shares however if it meets your criteria feel free to add it to your watchlist.
Rating: 35/100 the technicals are good however the fundamentals are not good at all.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
Or it just broke down the resistance line, 200 MA and retesting it below and going to move deeper? But what is concerning me - divergence at RSI. Just a view from other side)
UnknownUnicorn11084119
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@avmiljutin Your trend line looks good however mine does as well and as long as it remains above my trend line I will remain bullish however the second it breaks out below I will be bearish. Thanks for sharing :)