(Short) Children's Place, contracting business with high debt
Lower highs are in.
The 2020 post Covid19 stimulus rally has failed to break 2019 highs. It is a lower high with respect to 2018 highs.
Revenue and profits earning are declining despite the high level of debt. This means to say, debt is unable to convert to sales.
Going forward in an increasing IR environment, this company might find trouble making sales and repaying debt at the same time.
On the technical side, the top is in at 19Nov21 and the support level has broken.
Work out your own risk, entry, and stop-loss level. We will be putting this on our watchlist to wait for a good entry and then it will be shared.
The 2020 post Covid19 stimulus rally has failed to break 2019 highs. It is a lower high with respect to 2018 highs.
Revenue and profits earning are declining despite the high level of debt. This means to say, debt is unable to convert to sales.
Going forward in an increasing IR environment, this company might find trouble making sales and repaying debt at the same time.
On the technical side, the top is in at 19Nov21 and the support level has broken.
Work out your own risk, entry, and stop-loss level. We will be putting this on our watchlist to wait for a good entry and then it will be shared.