4/27/24 - outsized move for the stock on eps -17% seems too much. however, growth subdued for next 2 yrs doesn't help. even 8% implied fcf yield while juicy and sticky-ish base... is not exactly what the mkt wants to pay for this -ve growth i'm sensing - it's probably closer to 10% for this type of scale + net cash + sub 5x EV/revenue multiple names. downside here...
TNET - Showcasing an upward channel, TINA is on my radar. With smart money divergence indicators signaling at the top, we're also eyeing a potential head and shoulders pattern. Watch out for the 50-day moving average as a support level.
I've been watching TNET since their massive 1-day spike of 23% back in February, and they've been flat in a horizontal channel since. That was a strong clue that I needed to be patient and wait out for a break out on them. Well, it's happening now and the prices are breaking out of that channel in an upward trajectory. TNET starting bubbling last week the...
R:R is the MAIN reason we're taking this trade. the 20 EMA on the daily and 10 ema on the hourly also agree with this set up along with the tweezer top. I think we could lose less than 1R on this trade if we're wrong.
Nice bearish retest gap. Good R:R. Making lower highs.
This chart looks great on the weekly, too. I'm hoping to get in if it pulls back to the lower, long term trend line for a break out of this potential bull flag. Gray area is potential overhead resistance but I'm betting on it not being very strong if the channel breaks to the upside. Stock is holding up well in a seriously downward market as well. Risk is that...
I will follow for intraday strength and for now idea is long above 25.85. More info is on site..it is free tinyurl.com