ODD
🚀 ODD continued its strong performance with a 12.24% gain this week, following a massive 42.96% breakout on high volume and positive earnings.
📈 The stock is showing a classic ‘follow-through’ week after a significant pattern breakout, indicating strong buying interest and continuation of the upward move.
⏳ After such a rapid ascent, a period of consolidation is expected, potentially finding support near the 10-week moving average before the next leg up.
@VisionariosBolsa:
“The value I mentioned in the past weekly report as an investment idea was ODD, OD TCH. It’s a company, we already talked about it in the past weekly report, very small, 4 billions, grows very well, has a quite interesting business model: online sales of makeup and beauty products, enhanced with artificial intelligence. We’ve already talked about what a good company it is; in fact, I covered it months ago when I had it under surveillance. But hey, what happened this week? Well, this past week we had another rise of 12.24%. I already told you in the past weekly report when I mentioned I had entered this company, that it was very possible we would see this follow-through week, that week of continuation of the movement. Why was it so possible we’d see this movement? Well, very simple. Notice how in last week’s breakout we have several common characteristics that make these continuation weeks much more probable to see. What are those characteristics? We had a pattern breakout, to begin with. In fact, without that, without that breakout and without those highs, you know that at Visionarios we wouldn’t have entered this stock. But not only that, we also had a catalyst, like those corporate results that were very good, and we also had a movement, which is what really indicates we might see this continuation, that left us a super interesting candle. Super strong movement, super high volume, closing at the week’s high, and we closed with a +42.96%. Therefore, we add that 12.24% return again this week. A value that, notice, in about a week and a half, because last week we didn’t enter at the beginning of the week, we are already gaining a lot of profitability in the portfolio. And that’s why I always insist so much on timing, on not buying a stock simply because you think it’s good… but always combining that fundamental analysis part with the technical part that tells us, ‘Hey, yes, we are dealing with a good company, but now is the time to buy.’ ODD obviously remains in the portfolio. We’ll see how it continues to do in these coming weeks, because once the movement extends, it’s normal to see that first phase of acceptance. Remember that we won’t see everything go up vertically; in fact, the best movements always have those rises accompanied by acceptances, the tighter the better, waiting for support points like moving averages. Notice how the 10-week moving average, this red line that’s starting to peek out here, we should see it up here in a couple of weeks, and that consolidation waiting for the movement would be the ideal scenario.”
Watch the exact part of the video where @VisionariosBolsa talks about Oddity Tech Ltd. here:
Watch the video on YouTube
Read more articles by the world’s top 100 analysts on Oddity Tech Ltd. (ODD) at the following link. ODD stock.
