Jrussell86

inverse head and shoulders buying opportunity

Long
NASDAQ:PRTS   CarParts.com, Inc.
momentum swinging negative for short term will provide us a buying opportunity ≈$2.33. inverse head and shoulders measuring rule implies ≈25% probably increase from neckline. If it comes down to 28° line then it is most likely a diamond formation. w/ greater potential move. due to momentum on LT time frames i am suspecting that it breaks out to positive side. Initial upward PT of $3.2

GuruFocu's DCF calculator puts fair value at $6.74, a 63% margin of safety. earning multiple 2.9x above current price. Very positive ROE/AI and a PEG of .25 w/ very little debt and current ratio >1 makes this company a buyout target.
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