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These deadbeat tech stocks are at - 70%, should I sell it or hold?
Trend followers: Sell and go short ............. (Maybe a little late for that) Mean Revisionists: Buy .... they can't go much lower......... Value Investors: Buy ......they're on Sale ............. Dollar cost average'rs: Buy more and lower your average cost .......... Retail Brokers: If you thought they were worth the price you paid when you bought ..... they are really worth buying now ........... Me: c) Other ______________________________
If the reason you bought them is no longer valid .....................?
Is there a valid reason to sell 'em ....................?
MTZ is an infrastructure company, outlook is better than recession-sensitive sectors. Simplywall.st and Tipranks both showing similar positive outlook.
But I'm actually more interested in the price and volume patterns, with the daily chart showing a long trade with very low risk now. ie, stoploss below the recent lows at 67.50, potential reward up to top of channel at 82.
