SU (Suncor Energy) Suncor setting up nicely for a long move.
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Let me know your thoughts? Crazy maybe.
On the weekly chart, considering week's max and min, Tesla's stock is forming a bullish wedge that should make the price go down in the coming 3 to 4 weeks as down as 299$ before bouncing back and possibly retesting the Fib retracement top value of 388$. RSI should ease out in to oversold territory as price goes down, making it very appealing for investors to jump in.
TGD came up in my Deep Value screeners as one of the highest ranked companies in the screener, so I took a look to see what they were about. Timmins Gold Corp is obviously a gold mining company, so right away I knew their success or demise was closely tied to whatever the price of gold did. Before going into the fundamentals, let's take a look at the charts....
Gilead Sciences is a deep value play, along the likes of a Joel Greenblatt "Magic Formula" stock. Around September I expressed a bullish interest in GILD given its fundamentals and its valuation. During that time, GILD traded at $73. Since I expressed a long interest, the stock has done nothing but decline. Looking back on my initial bullish opinion, I didn't take...