This is an update to my original post (see below). This recommendation is not for day traders, but for long-term investors, especially dividend investors.
VFC has just tagged its yearly basis line on the Bollinger Band. This means that VFC has fully corrected to its mean on the yearly chart. This is an incredibly rare buying opportunity.
It is quite likely that price will begin a major long-term cycle back up one standard deviation. This means that you have the chance to enter a high dividend stock with a 100% upside potential in price over the next several years. Recession or no recession, according to the chart, this price has nowhere but up to go.
However, always use stop losses as the market can be irrational.
See the original post here for more details:
VFC has just tagged its yearly basis line on the Bollinger Band. This means that VFC has fully corrected to its mean on the yearly chart. This is an incredibly rare buying opportunity.
It is quite likely that price will begin a major long-term cycle back up one standard deviation. This means that you have the chance to enter a high dividend stock with a 100% upside potential in price over the next several years. Recession or no recession, according to the chart, this price has nowhere but up to go.
However, always use stop losses as the market can be irrational.
See the original post here for more details:
Comment:
I said "recommendation" but meant "idea". I don't mean to recommend certain trades. As always, anything can happen and trends can end. Trade at your own risk.
Comment:
To support my work:
www.patreon.com/SpyMasterTrades
To subscribe to my YouTube channel:
www.youtube.com/@SpyMasterTrades
To follow me on X:
www.twitter.com/SpyMasterTrades
To tip me (BTC wallet):
bc1qvh48429042mdwvdthwlufx072g3ftffcts2q03
www.patreon.com/SpyMasterTrades
To subscribe to my YouTube channel:
www.youtube.com/@SpyMasterTrades
To follow me on X:
www.twitter.com/SpyMasterTrades
To tip me (BTC wallet):
bc1qvh48429042mdwvdthwlufx072g3ftffcts2q03