Fundamentals:
- has massive competitors such as Microsoft (MSFT), Amazon (AMZN), Oracle (ORCL), International Business Machines (IBM), and Atlassian Corp (TEAM)such as Microsoft (MSFT), Amazon (AMZN), Oracle (ORCL), International Business Machines (IBM), and Atlassian Corp (TEAM)
- competitors are all profitable; Gitlab is not.
- Gitlab's NOPAT Margin is -141%...
RSI Divergency
Volume dropping and still rising
trading outside of a mean reversion channel
bearish wave trend cross
stochastic RSI at the top
nearly 10x in 3 months
Short idea with tight stop losses
TIGR just reported solid earnings a week ago.
It popped on solid earnings, but sold off the upcoming days due to ongoing 'Chinese regulation' and 'Evergrande' collapsing fears.
We are currently trading at 12.90$ and sitting right on support(66% down from ATH) and only at forward P/E of 20, which is pretty cheap for hyper growth stock.
And it looks like we...
