Descending Triangle

Price is close to the support line.
Price is below the .618 of the trend up and above the .786 since the COVID low/ATH 2020/ATL 7.91
It appears a bad day or 2 could break support levels as there are a few more not far below the 1st support level.
Price is sitting on top of an aging rectangle.
Prior gap up and support at bottom of this gap did not hold.

EPS (FWD)
8.97
PE (FWD)
96.53
Yield (TTM)
-
Short Interest
2.18%
Market Cap
$43.57B

No recommendation/ATH 2020/ATL 7.91/OBV remains high.

It is difficult for me to project targets to the upside as I use the point of break and the width of the wide end of the triangle to calculate targets. I can make a relatively close guess on where this may break down at.
Spinning top at support right now/indecision.

Comentário:

I can not be precise on where it would possibly break up at as price can remain in triangles for quite a while sometimes.
PE ratio is looked upon by some folks as what they are paying for a stock's worth. High Growth Expectations can make this number more acceptable at higher levels.
Beauty is in the eye of the beholder.
Most would not consider this a value stock.
It is also good to look at the industry it trades in and compare PE ratios to it's peers.

Comentário:

I do want to want to lose your love tonight/LOL

Comentário:

One of my fave songs of all time is Willie Nelson Always on my mind/Hits home

Nite