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Strategies & Market Trends : Fundamental Value Investing

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To: E_K_S who wrote (4406)5/21/2020 3:05:36 PM
From: bruwin  Read Replies (1) of 4719
 
" ..... and may/could be undervalued by 15% based on historical valuations."

What are you referring to that is "undervalued by 15%" ?

When we look at EMR's price movement in the Market recently, we see that, after it hit the bottom of the "COVID-19 effect", it started to move up in a regular "Uptrend" movement, namely "higher highs and higher lows".

However, since the beginning of May it hasn't moved to a "higher high", but rather it's moved sideways with a possible Resistance at around $57 and Support at around $50 .....

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