Despite experiencing significant selling pressure throughout September, possibly influenced by the recent dividend payout, this stock is displaying increasing bottoming-out signs, suggesting a reversal is due. It's currently trading within a Fibonacci layer, and I expect it to remain in this range, gradually moving upward to seek liquidity. The company boasts a robust, globally recognized business model and an impressive $91 billion market cap, with strong institutional backing from firms like JP Morgan, BlackRock, and Morgan Stanley. Considering these factors, I project a target range of $215 to $220 by year-end, anticipating a traditional "Santa Rally"
Not financial advice, always do your due diligence
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- RoninAITrader
Not financial advice, always do your due diligence
Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback!
- RoninAITrader
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.