On the Weekly time frame we can observe that the candles are hitting the upper channel with a strong bull exhaustion. The Stochastic Momentum Index an the MACD on a Daily time frame are showing a bearish sign. I think we are going slowly in a distribution zone with sideways movements .
Iron Mountain has a terminal core business that is losing physical document storage at the local level to local competitors with "in town" connections. The shredding business is dying quickly. The data storage that they spent mountains of money on is plagued by inadequate resources and a shit sales team. The company has a huge debt and only held on in the recent...
After accumulation under Support/Resistance Zone, we can see a powerful up move.
Intel chart as an example. IRON MOUNTAIN can repeat this scenario.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
Fundamental Catalysts remain strong
If numbers are good, look for breakout to 35.75, and then 37.25 areas
Take profit anywere above 37.50 before EoY
These stocks have the highest dividend yields in the hot real-estate sector, FROM MARKET WATCH
With the Federal Reserve cutting short-term rates twice recently and reversing its decision to shrink its...