Aug. 6 at 3:54 PM
$DUOL pulled back hard despite delivering strong earnings.
The stock dropped more than 10% today, but I believe the correction may still have more room to play out before finding a true bottom.
My key accumulation zone is between
$87.90 and
$60.50.
If
$DUOL reaches those levels, the long-term risk/reward could become very attractive.
The market may be focused on short-term weakness, but patient investors could be positioning for a potential 10x long-term opportunity.