Tapestry, Inc.Long
Undervalued Stock Series #1 : TPR
Several DCF valuations have suggested that the current price is on average 35% under the fair price.
On the technicals, price is trading above the 100-200 EMA cloud and have broken recent price structures. It is not a buy just yet. I will wait if price makes quick correction to $42-42.50 and see if we can get a bounce from there. Who knows this recent rally this month is just a Bull trap.
On the technicals, price is trading above the 100-200 EMA cloud and have broken recent price structures. It is not a buy just yet. I will wait if price makes quick correction to $42-42.50 and see if we can get a bounce from there. Who knows this recent rally this month is just a Bull trap.
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