TW: Looking Forward
Updated
Fundamentals:
Tradeweb's industry strength is good. Both its sales and earnings are accelerating, and both are estimated to continue this way until the end of 2024, and both are above 20%. I checked the funds; they are piling in.
Technicals:
It is now forming a weekly flat base at the all-time-high of 2022. Earnings are due out next week. If earnings are accelerating and sales too; and forward-looking earnings will grow more y/y this quarter, and the chart is stabilizing. we can guess the result next week.
Entry market order around 100. Stop below 85. Target is 200. Estimated time to reach target is September 2024.
Weekly Volume can be seen decreasing as the price drops:
Tradeweb's industry strength is good. Both its sales and earnings are accelerating, and both are estimated to continue this way until the end of 2024, and both are above 20%. I checked the funds; they are piling in.
Technicals:
It is now forming a weekly flat base at the all-time-high of 2022. Earnings are due out next week. If earnings are accelerating and sales too; and forward-looking earnings will grow more y/y this quarter, and the chart is stabilizing. we can guess the result next week.
Entry market order around 100. Stop below 85. Target is 200. Estimated time to reach target is September 2024.
Weekly Volume can be seen decreasing as the price drops:
Note
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