NYSE:ALV reported today and looks like a potential long. I see here potential H&S breakout (106.60).
Q3 2023: Another strong quarter Financial highlights Q3 2023 $2,596 million net sales 13% net sales increase 11% organic sales growth* 8.9% operating margin 9.4% adjusted operating margin* $1.57 EPS, 30% increase $1.66 adjusted EPS*, 35% increase Key business developments in the third quarter of 2023 Sales increased organically* by 11%, which was 7pp better...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
A new trade to be added to our portfolio will be ALV. ALV is the world's largest automotive safety supplier, with sales to all major car manufacturers in the world. Autoliv Electronics has significantly strengthened its portfolio to include critical technologies required to enable autonomous driving.
ALV has formed a long uptrend extending back to 2000, this uptrend should continue with another inverse bump and run, returning the price back to the upward trend. Green fractal is indicative of this.