The kitten will grow into a Tiger ($TIGR). Low Risk, High Reward
TIGR just reported solid earnings a week ago.
It popped on solid earnings, but sold off the upcoming days due to ongoing 'Chinese regulation' and 'Evergrande' collapsing fears.
We are currently trading at 12.90$ and sitting right on support(66% down from ATH) and only at forward P/E of 20, which is pretty cheap for hyper growth stock.
And it looks like we approaching the end of a descending triangle.
The stock is heavily shorted with an estimated short interest of 28.23% of Free Float. (source: 'ortex')
So it is definitely at 'short squeeze' candidate. And could go parabolic real fast.
Even with the 'China risk'. I would consider it a low Risk, High Reward play. Just due to the fact that it is nearly down 70% from ATH although the fundamentals didn't change. I wouldn't be surprised to see $TIGR reverse in the near future.
I would set a set a stop-loss at 10.96$ in case the descending triangle breaks to the downside.
My 1 year price target is 40$.
It popped on solid earnings, but sold off the upcoming days due to ongoing 'Chinese regulation' and 'Evergrande' collapsing fears.
We are currently trading at 12.90$ and sitting right on support(66% down from ATH) and only at forward P/E of 20, which is pretty cheap for hyper growth stock.
And it looks like we approaching the end of a descending triangle.
The stock is heavily shorted with an estimated short interest of 28.23% of Free Float. (source: 'ortex')
So it is definitely at 'short squeeze' candidate. And could go parabolic real fast.
Even with the 'China risk'. I would consider it a low Risk, High Reward play. Just due to the fact that it is nearly down 70% from ATH although the fundamentals didn't change. I wouldn't be surprised to see $TIGR reverse in the near future.
I would set a set a stop-loss at 10.96$ in case the descending triangle breaks to the downside.
My 1 year price target is 40$.