Hello Traders,
here comes another big buying opportunity that could become a Multi-Bagger.
SUMO LOGIC (SUMO) is a Machine Data Software Company, which operates in the so called DevSecOps space. It offers a complete package to its customers regarding Data Analytics, Cloud Services and most important Security. Right now this Company is valued at a very cheap multiple of 8,62 EV/Sales (TTM) and a great Gross Profit Margin of 72,4% combined with a Growth Rate of 23,5%. These are excellent metrics valued at a (ridiculous) low price .
So right now SUMO is trading at $21,85 and if you takea close look at the 4h Chart you'll notice A BIG VOLUME INCREASE in combination with a Break-Out from it's (last big) Resistance around $21,40 (200 day EMA). The MACD Indicator also shows improvement and anyone, who is willing to bet on this one for the next 6 to 12 months, will be highly rewarded. After quickly reaching the $30s I expect first a retest of it previous highs around $45 and then everything will only depend of its further performance. Buy now until it's not too expensive to get in, you won't regret it...and by the way I am already long with an average price slightly under $19.
If you liked this post please give it a like, many thanks!
here comes another big buying opportunity that could become a Multi-Bagger.
SUMO LOGIC (SUMO) is a Machine Data Software Company, which operates in the so called DevSecOps space. It offers a complete package to its customers regarding Data Analytics, Cloud Services and most important Security. Right now this Company is valued at a very cheap multiple of 8,62 EV/Sales (TTM) and a great Gross Profit Margin of 72,4% combined with a Growth Rate of 23,5%. These are excellent metrics valued at a (ridiculous) low price .
So right now SUMO is trading at $21,85 and if you takea close look at the 4h Chart you'll notice A BIG VOLUME INCREASE in combination with a Break-Out from it's (last big) Resistance around $21,40 (200 day EMA). The MACD Indicator also shows improvement and anyone, who is willing to bet on this one for the next 6 to 12 months, will be highly rewarded. After quickly reaching the $30s I expect first a retest of it previous highs around $45 and then everything will only depend of its further performance. Buy now until it's not too expensive to get in, you won't regret it...and by the way I am already long with an average price slightly under $19.
If you liked this post please give it a like, many thanks!