RELX looking strong fundementally

Jan 24

I like this one more by the day, RELX had quite a slip last year drawing down over -30% however their fundamentals remain strong.

-Many verticals to cling onto

-Subscription based recurring revenue, that along with consistent customer base and you see predictable cash flow

-Poised in a great position for AI integration, actively working on various AI models WITH the hardware to accommodate

-Free cashflow to stimulate any slip ups, this partnered with their Buyback news gives a strong floor for them to hold


They seemingly promise low volatility and steady growth as of lately, tracing new resistance to a COVID fib gives me added confidence. I'll be entering long in the 37-40 area initially and DCAing into the next few months. Looking for TPs at 15% (46.00) and 30% (52.00) removing 25% and 75% of capital respectively. SL will probably be dynamic, hopefully will be able to see the bullet coming with historically low volatility, should be able to get out of the way worst case. All based off technicals and a hunch, just my two cents.

Jan 29

Trade active

What a volatile day, I entered a small punch at 39 this week and have sat on the sidelines with even smaller recurring buys daily since the continuation downwards. Took a slightly larger punch at 36 today, will continue to DCA here as it enters the 0.618 fib zone. Trade officially entered, current average 37.12 with increased daily buy amount.

Feb 4

Note

Who could have expected that one, Anthropic just tanked this one even further, hitting the final fib at .786 so its do or die. Still taking my average down with DCA but definitely not the most ideal entry, oh well. We'll see if this news sticks and reassess, still in the position at a 36.35 average -15% currently and possible SL exit incoming.

Feb 26

Note

Finally about even on this trade, average down to 34.92 with the DCA kept up to a moderate amount. RELX beefing up the buybacks and I'm still punching longs with them for now...