Weekend deep dive stock 03
$VRT is coiling in an ascending triangle, sitting on a possible weekly double bottom after a 34% pullback from its May high.
✅️ What I like
Chart: flat highs at 254.80–255.40 with rising lows from 226.94 to 238.30, above the weekly lows at 220.92 and 226.94.
Fundamentals: Q3 organic growth guided to +34–36%, margins up 410bp, the full-year guide raised to $13.8–14.2B, and net cash.
🚨 What worries me
Chart: the weekly trend is still down until about 300 clears, so the double bottom isn't confirmed yet.
Fundamentals: it fell 17% on its last report even with a guide raise, and it reports again around Oct 21. It also has a $1.45B acquisition to integrate.
💡 Trade idea:
Confirm 258.78 · TP1 274.76 · TP2 295.34 · TP3 313.61 · Invalid 238.30
💰 Investment: a starter near 238–242 (the triangle's rising lows), adding at 221–227, the weekly double-bottom lows. A weekly close under 220.92 kills the base.
Not financial advice
#stocks
$VRT is coiling in an ascending triangle, sitting on a possible weekly double bottom after a 34% pullback from its May high.
✅️ What I like
Chart: flat highs at 254.80–255.40 with rising lows from 226.94 to 238.30, above the weekly lows at 220.92 and 226.94.
Fundamentals: Q3 organic growth guided to +34–36%, margins up 410bp, the full-year guide raised to $13.8–14.2B, and net cash.
🚨 What worries me
Chart: the weekly trend is still down until about 300 clears, so the double bottom isn't confirmed yet.
Fundamentals: it fell 17% on its last report even with a guide raise, and it reports again around Oct 21. It also has a $1.45B acquisition to integrate.
💡 Trade idea:
Confirm 258.78 · TP1 274.76 · TP2 295.34 · TP3 313.61 · Invalid 238.30
💰 Investment: a starter near 238–242 (the triangle's rising lows), adding at 221–227, the weekly double-bottom lows. A weekly close under 220.92 kills the base.
Not financial advice
#stocks
