Disclaimer: NOT a stock recommendation by any means. Since I don't do funnymentals, I can't say anything other than that I personally use Duolingo to learn other languages (and it's been helping). As far as the technical goes, it looks pretty damn good. It's recently broke out of the major resistance and has since retested and bounced off that same resistance, now support. If the current rally sticks, I see $175 for the target in short order.
The uptrend started in Jan 2023. Of course, it was impossible to catch that trend. There was an opportunity to long it on 2 Mar 2023 (after a gap up with huge volume). Was the gap due to earnings release? 2nd opportunity is on 9 May 2023 (but the signal is not that clear). How high will it go? No idea. I don't do funnymetals. In general, if I miss the boat, I'd remove the stock from my watchlist. Same Disclaimer: NOT a stock recommendation by any means.
Probably. But just after the gap, it was squarely up against the resistance. Much better to wait until it breaks out above the resistance IMO. Anyway, I think this baby is poised to run higher from here.
Excel sheet price action and mean reversion. TIPS: When up trending, data distribution tends to clump together near zero. Here is an example.
Agree with you, I have some long dated DUOL calls and TPH common stock I’ve been holding a long time for me. TPH months!
ok, u stated ur profit target at $175. so where is your buy point for going long and where will you place your stop loss?
DUOL is currently trading at $142.35, so let's just pretend that's where I got in. Now to answer your question: Profit target: 175 (roughly +33 profit) Stop loss: 139.30 (-3 loss) Reward:Risk : 10-to-1
TPH is trading at ATH and had nearly parabolic run up to now. It could still go up higher from here but, I dunno, it seems a bit too frothy. I would wait for a good amount of pullback before jumping in like around $23-ish.
yup...this is the first time i agree with you that the stop loss is too tight if schizo were to buy it at $142.35 for going long.