A recent negative news event has caused a sharp drop in the stock’s price. While this initially seems bad, it has actually created what I believe is a once-in-a-lifetime buying opportunity.
The Relative Strength Index (RSI) is showing extremely oversold levels across multiple timeframes — weekly, monthly, 3-month, 6-month, and even yearly. In fact, the 6-month RSI is lower than it was during the 2008 market crash.
Given these rare conditions, I am investing with strong confidence. I expect both short-term and long-term price targets to be reached before the end of the year, and I believe the stock could even reach new all-time highs over the long term. My outlook includes the possibility of the stock price entering four-digit territory in the future.
Once the market momentum shifts and the bull run begins, I expect heavy media coverage to follow. By then, smart investors who recognized this opportunity early will already be in position to benefit.
The Relative Strength Index (RSI) is showing extremely oversold levels across multiple timeframes — weekly, monthly, 3-month, 6-month, and even yearly. In fact, the 6-month RSI is lower than it was during the 2008 market crash.
Given these rare conditions, I am investing with strong confidence. I expect both short-term and long-term price targets to be reached before the end of the year, and I believe the stock could even reach new all-time highs over the long term. My outlook includes the possibility of the stock price entering four-digit territory in the future.
Once the market momentum shifts and the bull run begins, I expect heavy media coverage to follow. By then, smart investors who recognized this opportunity early will already be in position to benefit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.