One of those successful retail stocks from 2020 which made a lot of noise and money for many people..but for those that entered late it was among the mosst hated ones.
The stock could've potentially bottomed out.
Also like Mark Minervini's 50/80 rule..this stock did significantly correct.
Long above 380 and double up above the 200EMA (395)..If like me you like larger allocations a further allocation can be taken above 420 and then let it ride.
The co has been at the bottom of its margin cycle where the margins fell from 30% to 8%..they are now working towards taking it back to 15-20%. Also they are shifting more and more away from being a 1 product company. So watch out for this co.
The stock could've potentially bottomed out.
Also like Mark Minervini's 50/80 rule..this stock did significantly correct.
Long above 380 and double up above the 200EMA (395)..If like me you like larger allocations a further allocation can be taken above 420 and then let it ride.
The co has been at the bottom of its margin cycle where the margins fell from 30% to 8%..they are now working towards taking it back to 15-20%. Also they are shifting more and more away from being a 1 product company. So watch out for this co.