Here's some pretty simple TA from the Commsec research tool. I'm typically more concerned about the fundamentals of a stock. I'm very interested in entering this stock, however I'm expecting some consolidation down to $6-6.50. The current macro environment is quite choppy with the latest figures on unemployment and debt/GDP results. That being said the ARR multiples is sitting at 10.2x right now. So I wouldn't quite call this stock overvalued yet. To the long term holders, I'd sit tight, you're onto a winner. This is a great SaaS company in a very niche market with a large TAM and only 10% penetration. For the short term speculators who bought on the rise, now might be a good time to exit with a profit. As the next few months till November could be choppy.
PPH Price at posting:
$7.33 Sentiment: Hold Disclosure: Not Held
