Turn around story? Potentially, but this is risky at this level
Saying that, I don't want to box myself in one sector. Sometimes a little bit of diversification can be good for the portfolio.
So lets begin with a breakdown - observations I will make from Aston Martin Lagonda.
after a mid year report, missed their estimates by huge margins and AML sold off hard! The last call showed an improvement and beat the estimates by over 30%, but were still losses.
Now we are seeing the and the price is again butting up against the down trend resistance line once more. If it break out, then that's great, but this stock will again fall hard if it fails. Management of risk is again so important.
Don't get caught being one of the majority of pure value investors who loose huge amounts of their trading/investment accounts. This is high risk!
Unfortunately, with value stock and turn around stories, there isnt a clear target. Probably best way to play this is to wait for more analytical data/ PR from AML and a break out.