FIVN to 180, then 200s possible
Updated
After a load of analyst upgrades today and news of no merger happening with Zoom, I like Five9 here.
Zoom was planning to pay 14.7 Billion. Current market cap is around 11.4 Billion which leads me to believe there is a high possibility this stock is undervalued at current prices.
I think short term goal is getting back to that 50 day MA which should put us around 180.
If it can get back and close/maintain above it, a run back into the 200s is likely.
Zoom was planning to pay 14.7 Billion. Current market cap is around 11.4 Billion which leads me to believe there is a high possibility this stock is undervalued at current prices.
I think short term goal is getting back to that 50 day MA which should put us around 180.
If it can get back and close/maintain above it, a run back into the 200s is likely.
Trade closed: stop reached
Bad trade. Tech continues to get routed. Closed the trade at about a 4% loss.Can't win them all. Onto the next one.
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