FIGS - Multibagger potential

7 de dez. de 2023

• Fundamentals look incredible. Chart is setting up nicely with a nice bottom formation in progress.
  
• I have started to notice FIGS outfits at more healthcare facilities. A new trend might be on the rise and it could propel this company to a billion club. Current valuation is too cheap I think. This could well be next CROX
• No position yet, but I will add some for my long term account.
  

8 de dez. de 2023

Nota

Looks for any tightening here for break out of this pattern here

19 de dez. de 2023

Trade ativo

Nice big bullish candle just at the pennant support. will raise the stop to 7 now.

22 de dez. de 2023

Trade ativo

Backtest of 7.5 likely tomorrow on the heels of NKE ER. If it holds, next target will be 10.

29 de dez. de 2023

Trade fechado: stop atingido

I got out yesterday for a breakeven. I did not like the weakness yesterday around the pennant trendline support. There are better set ups available in terms of risk/reward. Will enter as it builds on the daily for continuation.