Criteo Technical Anaylsis

Updated
Everything can be explained on the chart, but to sum it up:

I believe this company is a great investment based on its great fundamentals and balances. Long term I could buy now, but with this analysis I think I can get a better price.

I think based on the current chart, we could head straight down (or bump to $50, then go straight down) to somewhere around $41.80 a share. From this price, I think we could get the BEST deal for the investment.

Long term thinking, investing now wouldn't hurt, but I think you could save at least $6 a share and buy from the position of around $41.80.

in conclusion: (very) short term SELL
long term BUY
Note
It seems to be following the plan perfectly. If you happened to get in short you would be up... however since I am overall long on the stock I won't be shorting.

Nonetheless, cheers.
Note
UPDATE:

Initially CRTO did EXACTLY what we had planned and looked to be on track for a fall. However bullish market conditions have interfered, I warned above I would not be in a short play because I am long term long on the stock.

HOWEVER- the convergence is not broken yet, and the low levels of 41-42 a share ARE STILL A POSSIBILITY.
Note
Convergence STILL not broken, the trade cannot be cancelled as of now.
Note
UPDATE: We are still NOT bullish on this stock until the 55 level breaks. For those still interested in shorting, you are still safe to short UNTIL 55 breaks. I will wait for this one.
Note
UPDATE: If this current trend line breaks, the sells could be ready!

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