No. of Recommendations: 2
But to your comment, I'm not as sure about the solid uptrend. The price has been (raggedly) lagging the average S&P 500 stock since mid October. Anecdotally I find changes in relative-to-market performance are sometimes a better leading indicator of a move.Fair enough. I suppose technical analysis will vary from person to person. I like to look at the 50 and 200 day moving averages. When a stock and 50day are over the 200, I consider it an uptrend.
https://i.postimg.cc/mgP5Z4wd/Screenshot-2024-02-2...I hear you on the relative performance, but if it was beating the S&P 500, we probably wouldn't be discussing it on the falling knives board. :-)
Far more important to me is the story. If I stop believing in the company, then I'm out. My thoughts are that they are arrogant and bloated, but they will start to feel the pressure to make the necessary changes, and that they have the resources to do so. If they simply announce a META inspired year of efficiency, the stock should soar.
