Double Bottom
Another low priced stock that just made a new low today looks like it is coming in for a “soft landing”. I don’t usually look to buy new lows but I believe the technicals are showing positive divergences. Boeing backed out of purchasing them and the stock crashed. It may not be ready to soar, but I do believe here under 5 ERJ is a Buy. I feel there is value to 11-12 eventually.
I bought AVID, made 4% and sold before earnings. It then dropped 10% after hours, but thanks for the 4%. I had ENPH, sold before earnings and it promptly jumped 20%. I cant win.
Good trade by you on AVID.