The Long Investor
patreon
$VSCO - WATCHLIST - PRIORITY
🕑 Added 2025-02-11 13:36:34 +0000 UTCOk there is a set up here and it is very attractive
I have brought this to your attention already but i've had a further dive into their fundamentals and its chart
Bull Case: A hold on the 0.5 Fib for Wave 4 at $32 and this can move higher to complete Wave 5 at the 2.618 Fib at $60
Bear Case: The price needs to hold above the red line at $30.70 in order not to infringe within the top of Wave 1, which would invalidate the impulse wave.
So the range is tight here, but if the bulls step in now...then this could be very beneficial.
RSI is also at 30 but not showing a reversal yet
PE is 16 and FWD PE is 11, so this is regarded as being undervalued fundamentally right now.
Comments
Dave
Head and shoulder pattern here?
Nick E
Looks like a good first bounce at 32. Hopefully holds.
Daniel S
a fact that is also important for me, even that VSCO is at 12 P/E NTM, it's mean P/E is was at 9, that's just a metric i would also look at before buying!
