Q: Hi Team,
I have read your recent responses on this name...what is your level of confidence that a significant bottom was put in earlier this week? From 1 (run for the hills) to 10 (buy as much as possible)?
Unless there is something really fundamentally wrong here I think the odds are pretty favourable for the bulls...not sure I have ever seen an RSI of 8-9 like I did the other day.
Thanks
I have read your recent responses on this name...what is your level of confidence that a significant bottom was put in earlier this week? From 1 (run for the hills) to 10 (buy as much as possible)?
Unless there is something really fundamentally wrong here I think the odds are pretty favourable for the bulls...not sure I have ever seen an RSI of 8-9 like I did the other day.
Thanks
5i Research Answer:
Momentum can at times carry a stock well beyond fundamental or technical levels. It should also still be considered a risky stock. But we would give it a 6 on the rating scale noted. The decline does seem to be a bit much based on fundamentals, outlook and potential.