$SHOP TOP 20 - WATCHLIST -
Added 2024-05-14 16:53:44 +0000 UTCI have gone through $SHOPS earnings report and fundamentals thoroughly and I am happy that we have made the right decision by adding this to our Top 20 and believe this pull back is presenting a very good opportunity for us.
The only blemish was the earnings dipping negative but it is fully expected to recover for their next report and for the rest of the year.
Their FCF is also expected to continue growing for the rest of the year too.
Technically the blue line is an important support level at $54, so the pull back may complete here, so I think it would be sensible to consider a DCA strategy at this point, with a plan to continue adding systematically.
I will happily start my first position at $54.
Comments
Looks like a ABW (Ascending Broadening Wedge) thats makes a 5 now.
Thomas Brandt
2024-05-18 10:03:32 +0000 UTCJust bought back 70 shop, for the same amount I sold 50 for at around 80 a piece, some while ago.
PEZ
2024-05-15 13:50:03 +0000 UTC
