GitLab Inc.לונג
Gitlab ~ An Early Investment Re-Loaded
מעודכן
Fundamentals:
The Google-Gitlab partnership improved the fundamentals of this company. Earnings and sales are growing. This stock IPOed two years ago. A growing amount of funds are accumulating this stock. Forecasted earnings were lowered for 2025, but still positive. I cannot gauge the EPS growth yet because the stock is still too new. However, A quality funds are still piling in gradually. ROE is at 5%.
The last time I posted about GTLB, it has a negative cashflow. The recent earnings reported a positive cashflow for the first time.
Last year they did a "disaster" guidance; however, 2023 was a success for the company. The According to a commentator on Seeking Alpha, the only reason why it fell was "the lower-than-expected guidance had a negative impact on the share price. However, GitLab has a history of beating estimates. It has done so on EPS and revenue estimates the last 8 times."
"....But, depending on how the stock reacts in the coming days, there may be attractive entry opportunities. If the share price continues to fall, we could be looking at an attractive price for a wonderful company."
So based on the chart and the speculation about the company's strength, I think that this is a pullback worth buying.
Technicals:
Weekly:
The daily gap down (weekly pullback) this week was probably a result of the lowered forecast for 2025. But this pullback is what I was waiting for to possibly add to GTLB.
ADX is trending.
Pullback into the guppy wave
38%/50%-61.8% Fib confluence of support
Rising TL
The price fell below the kijun, but there is lots of horizontal support in confluence with multiple fibs.
Ichimoku-MACD is up above the water line for the first time in the history of this stock.
Stage 3 Ichimoku trend
Daily:
exDiv1 and extremes indicator
Waiting for a Green Day
Daily chart could turn into a fake bear crown. The weekly chart would not confirm a daily bear crown.
Comment:
This is a pullback in the start of GTLB's bull market. This pullback presents a buying opportunity. Anything between 40 - 60 is a favorable discount, a bargain. If the trend holds, then I will aim for 100 and 137 as a target by the end of 2024.
The Google-Gitlab partnership improved the fundamentals of this company. Earnings and sales are growing. This stock IPOed two years ago. A growing amount of funds are accumulating this stock. Forecasted earnings were lowered for 2025, but still positive. I cannot gauge the EPS growth yet because the stock is still too new. However, A quality funds are still piling in gradually. ROE is at 5%.
The last time I posted about GTLB, it has a negative cashflow. The recent earnings reported a positive cashflow for the first time.
Last year they did a "disaster" guidance; however, 2023 was a success for the company. The According to a commentator on Seeking Alpha, the only reason why it fell was "the lower-than-expected guidance had a negative impact on the share price. However, GitLab has a history of beating estimates. It has done so on EPS and revenue estimates the last 8 times."
"....But, depending on how the stock reacts in the coming days, there may be attractive entry opportunities. If the share price continues to fall, we could be looking at an attractive price for a wonderful company."
So based on the chart and the speculation about the company's strength, I think that this is a pullback worth buying.
Technicals:
Weekly:
The daily gap down (weekly pullback) this week was probably a result of the lowered forecast for 2025. But this pullback is what I was waiting for to possibly add to GTLB.
ADX is trending.
Pullback into the guppy wave
38%/50%-61.8% Fib confluence of support
Rising TL
The price fell below the kijun, but there is lots of horizontal support in confluence with multiple fibs.
Ichimoku-MACD is up above the water line for the first time in the history of this stock.
Stage 3 Ichimoku trend
Daily:
exDiv1 and extremes indicator
Waiting for a Green Day
Daily chart could turn into a fake bear crown. The weekly chart would not confirm a daily bear crown.
Comment:
This is a pullback in the start of GTLB's bull market. This pullback presents a buying opportunity. Anything between 40 - 60 is a favorable discount, a bargain. If the trend holds, then I will aim for 100 and 137 as a target by the end of 2024.
הערה
On Your March, Get Set, Buy!!!
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כתב ויתור
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