Ever since Uncle Billy Ackman offloaded, this POS has been rolling over.
Don't own this stock or use it's products, just waiting for it's demise!
I haven't posted a chart for a while, had to post this one!
Directional Bias: Long
Price Target: 62
Good Entry: 54-56
Risk/Reward: $2 max risk/$7+ reward
Bill Ackman on the comeback grind coupled with good technicals/price action. The daily 50 sma is providing rising support currently above 55. Trade Valid as long as 54 holds.
It is fun to sit back and watch two billionaires take different sides of a trade. You may have your favorite between the two billionaires or you may be a little more like me and ponder which side of the trade YOU would take if you were a billionaire. Someday we will find out which of them was right. But do they want to be right? I would say they just want to...
After all the scandal about Herbalife and Ackman talking against this company, from a merely technical stand point of view I must say, can't see why should not look for new highs.
As long as the historic of this chart let's me view, we came from a strong rally, that were severely retraced 76.4% in log scale.
This means that this or is the A or 1 of a structure,...