One follower asked for a chart on this stock. Here it is !
Putting the fundamentals aside, looking at the chart, we can see that it has now reached a resistance turned support level at 30.10. If within the next few weeks, we do not see a rally from this level, then we can expect the price to continue head south towards 23.67.
Despite the increasing interest rates hike by FED, the legendary investor , Warren Buffett must have lots of confidence on the US economy in order to increase his stake on this digital bank.
From Price to earning or price to book value, this stock is undervalued plus the rising interest rates will help it to collect more money from its loan businesses. Of course, in times like this, the default rates can also goes up as well.
Please DYODD
Putting the fundamentals aside, looking at the chart, we can see that it has now reached a resistance turned support level at 30.10. If within the next few weeks, we do not see a rally from this level, then we can expect the price to continue head south towards 23.67.
Despite the increasing interest rates hike by FED, the legendary investor , Warren Buffett must have lots of confidence on the US economy in order to increase his stake on this digital bank.
From Price to earning or price to book value, this stock is undervalued plus the rising interest rates will help it to collect more money from its loan businesses. Of course, in times like this, the default rates can also goes up as well.
Please DYODD
Comment:
Nice, I am awaiting to see the overall market direction as today's tepid rise shows weakness in buying and the market is awaiting for some catalysts to boost the run
Comment:
Loaded some last night , found support at 23.67
Comment:
awaiting for a nice pullback to 30.10 before adding more
Comment:
added some last night