Long
$CJ Mid term value play.
After the market correction 
CJ set a new 52 week low with a share price of 22.99. The energy sector has been fairly bearish through January and February which seemed to have helped push the share price even lower. CJ serves as a prime example of an oversold position.It is also very attractive when looking at its fundamentals relative to its competitors. Consistent earnings growth, a market cap of over 1 billion dollars, a P/E ratio under 7, a P/B ratio under 2, fair gross profit margins, and a price target of 36 from multiple firms serves to illustrate a fairly attractive return. From a technical standpoint rather strong support can be observed around 23.50$-24$ the first pullback happening in September. The relative strength index currently at 31 serves to also illustrate the current price as oversold, such as the MACD indicator does also. The company is currently trending under its 25,50 and 200 day moving averages.
CJ set a new 52 week low with a share price of 22.99. The energy sector has been fairly bearish through January and February which seemed to have helped push the share price even lower. CJ serves as a prime example of an oversold position.It is also very attractive when looking at its fundamentals relative to its competitors. Consistent earnings growth, a market cap of over 1 billion dollars, a P/E ratio under 7, a P/B ratio under 2, fair gross profit margins, and a price target of 36 from multiple firms serves to illustrate a fairly attractive return. From a technical standpoint rather strong support can be observed around 23.50$-24$ the first pullback happening in September. The relative strength index currently at 31 serves to also illustrate the current price as oversold, such as the MACD indicator does also. The company is currently trending under its 25,50 and 200 day moving averages.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.