Serious Reactions on the Table
After the pessimistic outlook on the upcoming earnings, NYSE:FTCH plunged to the $2.50-$2.00 level. Even though this reaction is backed by solid reasons, the fair value for this stock is much higher than the current levels.
Also technically, there is a Bullish RSI Divergence in the 4H timeframe and it may lead the price to the $3 level.
It is one of the prominent players in the Luxury E-Commerce industry and recent agreements and partnerships may boost the price to much higher levels in the long run.
Yet...
It is worth staying cautious since these sell-offs still have a chance to take the price to much lower levels with an avalanche effect.
Also technically, there is a Bullish RSI Divergence in the 4H timeframe and it may lead the price to the $3 level.
It is one of the prominent players in the Luxury E-Commerce industry and recent agreements and partnerships may boost the price to much higher levels in the long run.
Yet...
It is worth staying cautious since these sell-offs still have a chance to take the price to much lower levels with an avalanche effect.
Publikasi terkait
Pernyataan Penyangkalan
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.