DUOL is trading at a price to sales ratio of roughly 14. Duolingo is a prime example of one of the covid era IPO's and SPACs that trade on hype without any earnings or sign of profitability.
The technicals suggest more downside. I see a break below 93.5 support leading to a retest of current ATL at around 60.3, ultimately leading to another leg lower creating a new low at 50-45 a share.
This is not trading advice. These are just my thoughts on future price movement for DUOL.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.