Keeping things simple today. Chegg is at the edge of breaking out or falling apart. But based on how much it has declined already, I think this would still be a decent entry-level if you are looking for both speculation and investment.
In the short term, I think it's okay to eye for the .236 fib retracement level, as you can simply capture a rebound wave. In the long term, it would be excellent to aim for both MA 200 and MA 50, which provides a better return but possibly a way longer investment period compared to the previous one.
To summarize, 35ish for a conservative investment, 45.71 for a moderate investment, and 50ish ~ 65ish for a long-term investment.
- By Qtaro
In the short term, I think it's okay to eye for the .236 fib retracement level, as you can simply capture a rebound wave. In the long term, it would be excellent to aim for both MA 200 and MA 50, which provides a better return but possibly a way longer investment period compared to the previous one.
To summarize, 35ish for a conservative investment, 45.71 for a moderate investment, and 50ish ~ 65ish for a long-term investment.
- By Qtaro
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