Long Balaji Amines@412.5
Updated
I took a pilot position at 412.5 and I will be looking to add at minor corrections
Technicals: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged closer to its 52WH. Price has been consolidating since April.
Fundamentals:
TThis stock shows good sales and profit growth. TTM earnings are close to highest levels since 2018. if the margin improves, the profits can rise.
5 years of sales growth - 9.12%
5 years of profit growth - 27.93%
Margins close to its higher levels of 19 %
Technicals: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged closer to its 52WH. Price has been consolidating since April.
Fundamentals:
TThis stock shows good sales and profit growth. TTM earnings are close to highest levels since 2018. if the margin improves, the profits can rise.
5 years of sales growth - 9.12%
5 years of profit growth - 27.93%
Margins close to its higher levels of 19 %
Trade active
Added 2x at 418.5. BO with above-average daily volume. looks good for nowTrade active
new high 494. sitting tight with an sl of 438.Trade active
New high 557. this stock has been acting well. going to hold it without booking any partial profits for a while. there is strong momentum in this stock.
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini
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