$DG
Added 2024-12-18 12:57:10 +0000 UTCWatching for a potential bottom now at the 0.78 Fib at $72, price is already at $76 after testing the $72 level
Price is also considerably lower than its 200 WMA which is at $185 right now too and its ATH level at $262
PE and FWD PE are sitting at 12, profitable and 5% away from its 52 week low.
The concern here is their growth for 2025
That being said, if a downturn comes, I would expect people to move towards more price sensitive stores.
Fundamentally the Fair Value here is at $135 which also aligns with the technical yellow line which is the mean reversion line since 2011.
We should be looking for a movement away from the $72 level in an impulse manner next.
Comments
my cousin dumped his position in this few weeks ago. Ive been adding since
Justin
2024-12-18 13:28:19 +0000 UTC
