TopGolf | MODG | Long at $7.85

TopGolf MODG finally closed the last price gap on the daily chart from the 2020 pandemic crash. All price gaps (as of this analysis) are now above the current price. While I am not stating this is bottom (high $6's or even low $5's are not fully off the table given the downward momentum), there is a lot of growth still on the table for this company. The current fair value is probably near $18-$19 and this stock has a cyclical nature to it. So, while it may be a bumpy near-term investment, the earnings growth, cashflow, and low debt of this company is appealing. Thus, at $7.85, MODG is in a personal buy zone (starter position) with more investment is if dips into the $6- or $5-range.

Target #1 = $10
Target #2 = $12
Target #3 = $14
Target #4 = $15