TradingView
leslieyimsm
Mar 19, 2021 6:35 PM

BAM; a solid asset management company! (Request by Ralph_Prime)  

Brookfield Asset Management IncNYSE

Description

1st off, this is an asset management company. I think it calls for more fundamental analysis than technical analysis when it comes to such companies.

Nonetheless, the consistent uptrend since inception is phenomenal! I will never short this company.

From technical analysis point of view, look at how well price respects the 50MA from week to week. And whenever price drops to 200MA, it bounced up like clock work since 2011!

Since right now price is at previous high back in Feb'20, I'll definitely wait for it to drop back to the 50MA before accumulating. If it drops further to 200MA, i'll load the boat!

This is definitely 1 for your retirement portfolio.

Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.

If you have any symbols that you'd like me to analyze, feel free to drop me a comment.

Thanks!
Comments
Ralph_Prime
Thank you !!
leslieyimsm
@Ralph_Prime, you're welcome!
More