As my grandma used to say, "we don't play in the snow, we just make it rain when the temperatures low"
Bullish mid-long term.
Bullish near-term IF it regains 164 in the coming days.
- If it breaks back above 164 by 3/14 then my initial target is 187 by 3/25/2024 - Regardless, it will be trading at 207 minimum by end of 2024. Point target by end of 2024 = 287 (+78% upside). Upper target by end of 2024 = 300.
** Buy zone is 155-170. I like shares here.
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Meant to type max target by end of 2024 = 360. So 8-9 month target range =207-360.
I'm picking up 50 shares before the close 3/12 (underlying 161.67, cost = $8,083.50). I'll pick up 50 more once we get a close over 164.
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Adding shares while its under 164. Once we see a sustained break above 164 it will be my signal to enter calls.
@JerryManders oh baby! Need to DCA. I’ll wait till it crosses 164.
Mastifflover
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Feel kinda relieved you posted that chart!!
molotce
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@JerryManders it went down to 160, even better time to buy calls or the set up in uncertain in your opinion ?
JerryManders
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@molotce, I think accumulating shares in the 155-165 range is a good idea. For calls though I need more confirmation its ready - at minimum a close above 164 and it hasn't gotten that yet.