So how do you play this? Loading up? Waiting for more downturn?
15% isn't unnoticeable. Overreaction?
I'm personally intrigued to start a small position. But I'm waiting for the price to drop to $384-ish where the 150 WMA currently sits.
We're in oversold territory, though, with an RSI of 24
So I'm curious to hear your thoughts?
For the ones who don't know RACE:
The fundamentals are absolutely strong. Increasing revenue and net profit. Phenomenal margins and ROE and ROIC.
Only ugly things in my eyes is that the company has more debt than cash. I prefer the other way around.