1Mo·

Rating Martin O'Reilly

Dear people

I have dealt with $ORLY (-1,44 %) dealt with

also about Tradingview

in my opinion strongly overvalued, kgv historically also very high

currently well above the 200 week linesee my chart

what is your opinion?

according to investing but fairly valued

I would sell and use the cash $NOVO B (+4,77 %)
$MRK (+2,6 %)
$PEP (-0,56 %) and $ATCO B (+2,08 %) buy more

15 Commentaires

Sansebastian@Sansebastian

1Mo

The question is, why did you buy the stock if you want to sell it now? Because it is overvalued?

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TomTurboInvest@TomTurboInvest

1Mo

Be careful if you only look at the SMA200 alone, this is a lagging indicator. It is good for the overall trend, but viewed in isolation it can give you false signals.

If you take a volume-weighted average price, then the price is rather close to a support level. For a year now, the price has been running nicely above the divergence1, which has always provided good support.

In TradingView, set the VWAP to May 29, 2024 and take a look at bands 1 and 2. Perhaps this will complete your picture.

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