Xerox. A boring company that's been around forever (since 1936 to be exact). These guys got hit HARD by COVID and have yet to recover like much of the rest of the market. With the office landscape changing, they might not ever recover to their glory days. However they still manage to turn a profit for their shareholders, and maybe with a shift in business strategies can squeeze some money out of corporate offices again. Feel like I am getting them cheap here. (Also, they have cheap options)
Mostly tho, I see a falling wedge. Low risk/medium reward.
Potential profit: 12.5%
Potential loss: 6.25%
Depending on how the trade is looking at the time, may hold a portion for a possible TP2 of 30
Mostly tho, I see a falling wedge. Low risk/medium reward.
Potential profit: 12.5%
Potential loss: 6.25%
Depending on how the trade is looking at the time, may hold a portion for a possible TP2 of 30