This stock is being traded at +50 P/E, if the upcoming report shows EPS YOY declines then the stock is significantly overvalued and it better to close any long position before it starts going downhill. This is not a short position but rather an a warning to get out.
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Earnings today. If the rising wedge is broken with high volume is it worth to consider a short position. Otherwise, the drunken party continues until further notice to form a double top.
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Disclaimer
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.