Possible stop under C.
The target is D. ABCD is a common corrective/pullback pattern. Targets are calculated using the AB leg and projected from C. C is not always C and any pattern can fail.
Long term, yet a bit bumpy, uptrend noted on 20 year monthly timeframe.
No recommendation.
Short percentage is very low and negative volume is very high. I have a sticky note stop (mental stop with a sticky note reminder) just under 112. Earnings are not super close by so this type of stop works for me on this one. Mr. Market is known to go stop hunting sometimes and this looks like it will reach targets 1, for now.
The target is D. ABCD is a common corrective/pullback pattern. Targets are calculated using the AB leg and projected from C. C is not always C and any pattern can fail.
Long term, yet a bit bumpy, uptrend noted on 20 year monthly timeframe.
No recommendation.
Short percentage is very low and negative volume is very high. I have a sticky note stop (mental stop with a sticky note reminder) just under 112. Earnings are not super close by so this type of stop works for me on this one. Mr. Market is known to go stop hunting sometimes and this looks like it will reach targets 1, for now.