We believe TER may trend higher after it gapped up to pull further away from the EMAs last Friday. This positive outlook is reinforced by the rising 20-day EMA, suggesting that a bullish crossover is imminent in the near term. Additionally, the RSI remains healthy below the 70 mark signaling that the stock has room to rise without showing signs of being overbought.
Net profit is expected to grow at a CAGR of 29.1% for the next 3 years with improved margins estimated to be above 20.5%.
Source: Rakuten Research - 16 Dec 2024
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Created by rakutentrade | Dec 12, 2024