Today they beat earnings. Earning 75 cents a share when expected to earn 66 cents a share. This is great. So that is what caused the move. It is looking pretty bullish. The brands it owns are used everyday and of course it is a great buy. Again like every run up we need a new support. Watching this tomorrow to see it turn its previous resistance into support. its looking pretty good and if it builds that support im looking at it going to 40! Hopefully you can get in on the dip. Was looking at the double bottom but ignoring that. Another thing to note is that the new low is higher (third V in the channel) so that is some good news.
thats all
this is not financial advice this is simply what i see and think. tomorrow will determine the rest of the play. will keep you udpated
i am new and learning so i apologize if the chart does not meet what i predict
thats all
this is not financial advice this is simply what i see and think. tomorrow will determine the rest of the play. will keep you udpated
i am new and learning so i apologize if the chart does not meet what i predict