Holy cow, is this ever a bubble. Look at the income statements, lower revenue for 4 straight years, and lower net income for 3 quarters. Of course that means a new ATH, lol.
In all reality it should be trading at $110, but all Dow components are in a bubble, why should this one be any different?
Not shorting this yet, look for a clear reversal pattern like the last time I drew one... (diamond top).
In all reality it should be trading at $110, but all Dow components are in a bubble, why should this one be any different?
Not shorting this yet, look for a clear reversal pattern like the last time I drew one... (diamond top).
Note
Earnings tomorrow before market open. If you want to try shorting this McBubble, today's your day.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.