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Recovery

Vanguard S&P500 ETF (VOO): A Full Recovery Approaching?On the 27th May 2020, we saw the Vanguard S&P 500 ETF (Symbol: VOO) rise above the 200 Moving Average. Today a share is worth 301.99. Before the tremendous drop on 20th Feb 2020, prices closed at a high of 311.39. The fact that we are already above the 300.00 mark and only just 9.40 from its pre-COVID high, has VOO really recovered? Nevertheless, it is still a worthy investment considering its performance since it started on Sept 7 2010. It is also outstanding how it managed through COVID this well. It will probably be a long time (excluding market noise) before it formally hits such low prices again.
AMEX:VOO
by malcolmlai
KO - 1D - 2.08.2020$KO - Favorite value stock post COVID. Multi time frame analysis. 1W - Solid bullish tendency. With a 15% average price correction every bullish trend. Tendence line is working as support. Even on smaller and actual time frames. 1D - Lateralizing on zone 43 - 50. Important resistance on 50 USD. Good volume indicating possible accumulation. Weekly trendline working as resistance too. 4H - Fibonacci at 0.382 looks quite strong as the first 4H support. Even though MACD showed selling signals, our last green candle stopped the fall at Fibonacci 0.236. Minimum corrections prices are getting slowly higher and creating an ascendence triangle. 1H - If we take a deeper look at Fibo 0.236, we can confirm that the price is slowly bouncing at that level. Just a little push left for MACD to validate the opening of a long position. Conclusion: We need one more session with a good volume to confirm a long position and hold it until a target of 50 UDS. 47.40 USD will be our signal. KO its a solid long terms stock to hold. Also, dividends will improve as long demand its reactivated once overcome COVID impact.
NYSE:KOLong
by aoberninger
A surprising bull case for General MotorsGM has been a company in decline for many years, and the coronavirus hasn't helped matters. Over the last three years, EPS shrank about 8.5% annually and SPS about 2% annually. The coronavirus caused GM to suspend its dividend, which at over 6% was the main reason for owning the stock. GM's stock price tanked hard, and I have to say-- based on current consensus estimates, GM has some absolutely *terrible* PEG and PSG ratios. Ordinarily I would short this stock hard. However, the times may be a' changing for GM. Today the company absolutely walloped Wall Street estimates for Q2, with revenue 3.6% above expectations, and a loss per share that was only a third of the loss the Street expected. Guidance given on the conference call for the second half of the year is for $4-5 billion EBITDA, roughly 50% above the current Wall Street estimate. GM burned $8 billion in cash in Q2, but expects to generate $8 billion in the back half of the year, allowing the company to pay off the $16 billion revolving credit line it took out earlier this year. I should point out that all this guidance was tentative and contingent on continued economic recovery. But if it pans out, then I think we could see at least a partial restoration of GM's dividend early next year. On the macroeconomic front, I see lots of signs that the auto market may continue to recover. Although revolving credit (e.g. credit cards) has been in decline during the pandemic, non-revolving credit (e.g. home and auto loans) has actually increased. Loan rates have been falling, and consumers are taking advantage of low rates to snap up homes. Home-buying data have blown out analyst expectations for the last couple months. What's good for homes should also be good for autos. Auto sales in June recovered slowly, from -30.2% YoY in May to -28.7% YoY in June. Auto sales are expected to show faster recovery in next week's July retail sales report, around -18% YoY. Fleet sales are expected to improve from -70% in June to -40% in July. (Why bet on autos rather than homes? Because homes are supported by a government eviction ban that will be repealed at some uncertain future date, making that market risky. In the auto market, I have more faith that the numbers we're seeing reflect real market fundamentals. Here's another thought: with Americans moving out of cities and into suburbs and avoiding mass transit, auto demand may increase on permanent basis.) Perhaps more importantly, GM's CEO said she expects "exciting updates" for GM's "Cruise" self-driving unit in the second half of the year. GM is a technology leader in the self-driving space, with only Google's Waymo ahead of it in the technology race. The self-driving unit thus may hold the key to a turnaround in GM's long, multi-year earnings slump. Some positive headlines from this unit would be a huge relief for embattled GM investors, and might even create some excitement around future growth. For the near term, note that GM is currently trading in a triangle and is near the bottom of the triangle range, making this an attractive buy point with some technical support. In coming days I'd expect to see some analyst upgrades and upward earnings revisions on GM as analysts digest the optimistic guidance from the earnings call. I suspect we'll test the top of the triangle in the next two weeks, and perhaps break out the upper side in the event of a July auto sales beat.
NYSE:GMLong
by ChristopherCarrollSmith
4
POSSIBILITY OF UP SQUEEZE BEFORE RANGING TREND - GLYHO - 240MNGLYHO is arriving at a very important area, pink square zone. Probable support and resistance are marked with a green to line and a red bottom line. For the moment the trend is clearly an uptrend one. However, the market has already tested an upper point which as resulted in a strong downward pullback. The trending blue line has been holding the price up. Beware: -Possibility of continuous uptrend then a pullback down from the red line. -Other possibility is a market fear which could lead to a brief retreat to the down red support. Other thing: - We can see that overall the market is recovering from the pandemic effect. The blue horizontal line is marking the most relevant pivot point. This is confirming a potential area where the market is at the moment.
BIST:GLYHOLong
by Diallo_Charts_Ideas
COVID-19 pandemic and not epidemic, exponential ant not gaussianThe COVID-19 is pandemic and not epidemic because it touches all continents all around the world. It is exponential ant not gaussian because there is a second wave in a lot of countries. But maybe the first wave never stopped, and we are testing more and more people. Maybe the curve with continue to grow but start to flatten, nobody is able to predict the future. Just don't bet against the trend, apply the maximum security to yourselves and only yourselves (until it goes to 0 with 100% of recover and 0% of death ?). There is not plot, nobody is lying, governments and people have just no ideas of what will happen because we are facing something imprecise.
CLong
by Nugacity_Fracedinous
Oil comes back in businessI think oil is not healthy and not environment friendly either, but still can be a good investment, at least during these times after a collapse that we experienced because of the lock downs. So, we can ride the recovery. The outlook here is not only the "fill gap". Reaching $1.49 is not the end of the story. More likely an ABC correction could follow after completion of the 5th wave (maybe some profit taking there) and/or it will continue to recover back to some reasonably higher level, even if not to the original price where it was before -last year was in the moon compared to now- but to a much higher area where it is now, that is quite sure. No more risk of going bankrupt for Centennial, nor will it collapse much in a likely case of a market fall or correction during the following months, as this stocks price is already very low and oversold in general (in my opinion) not talking about the technicals in this particular case but in general. So I am long on CDEV, not a day-trade, nor a swing trade, but hold it until November at least, preferably longer. This is a great company, they manage expenses smart, the rigs are in the best location nationwide and they are a confident, experienced team. Can not say anything bad or high risk about them any more, this is why I made the analysis.
CLong
by janfoux
2
USDCAD bullish recovery on the way? 100+ pips opportunityUSDCAD has been tening down for some time already with more than 600 pips. 3rd wave down looks to be completed and potential recovery might be on the way soon. CAD is a bit laggard currency this week, not quite following risk on and commodity currencies rally by both currency and secular performance. At the same time USD is under huge pressure, but coming at very key levels against majors, specially risk on currencies. Here I see opportunity on this pair, because any spark for dollar will trigger more upside on this pair than on others, plus key technical areas are just being tested multiple times. Earlier today Canada's trade (import/export) numbers were more poor than expected and international trade merchandise numbers were also terrible. This may indicate more cautius and dovish stance from BOC in future and could be the spark that can weaken CAD in near term future. Tonight BOC's Toni Gravelle will deliver a speech, so volatility might come back if he delivers such tone. TECHNICALS: 1D: 1.35 key confluence pivot (price trades in mid range) 50 pips are left on the table to fill ADR (not likely to happen) - RSI momentum is climbing up 4h: double bottom and consolidation area 1h: Price moves above 50 on RSI with multiple candlestick patterns. This indicates 1.35 is indeed very strong support -multiple rejections IDEA: 100+ pips of potential upside is on the table given all the facts. However I will go with lowest stake this time because it's still risky, given the fact this is A COUNTERTRADE! I see targets at: TP1: 1.36 TP2: 1.365 TP3: 1.37 Stop loss: 50-100 pips below (1.345 area and below)
Long
by fxmonarchy
BEWARE OF PULLBACK ON RESISTANCE - CAC40 - 30MNThanks for your likes and shares! Much appreciated! _____________________________________________ The market is in a recovery mood . The actual range can possibility be a good entry for a short direction profitable trade. The upper level can possibly see a nice entry for long direction trade, BUT, beware of pullback because it is a strong resistance line. If pullback happen it will be a even better entry for Short Direction Trade!
EURONEXT:CAC
by Diallo_Charts_Ideas
SPX: WXYXZ RECOVERY PATH? Chart says all. This recovery in bear market will be longer and more volatile by far than the 2018 minicrash V-recovery. Historically, most bears follow a WXYXZ path, with second X weaker than first, a lower high. The Z leg might be at or slightly above the 23 March low; a 5th wave extension could push it down to 1.272 x wave 1, to carry index around 1770. The current 'Y' wave should give a higher low in the target box zone, before pushing back up to join channel top. IMO buying on double bottom later in 2020 will be an historic opportunity... This is just an idea, does not constitute investment advice; trade at your own risk, GLTA!
TVC:SPXShort
by DaddySawbucks
5
Old Idea #1 Two-Year Forecast for Bitcoin 2021/22I took the retracement from $200 to the old ATH, and found two Fibonacci levels that predicted our current ATH and bottom. All levels are scaled for log chart. 1.382 extension matches with today's bottom. 2.382 extension matches with today's ATH. If we have a full retracement to $20k by the end of 2020, then the 1.382 extension predicts the first sell-off peak at $40k, and the 2.382 extension predicts $200,000 blow-off top by 2022, depending on how far and fast that greed and hype can really take us. Again, my Fibonacci levels are scaled for log charts. As I watch the market struggle to stay above $6k today, I do expect things to get better with time. Coronavirus and global market sell-offs be damned.
COINBASE:BTCUSDLong
by waysidebitcoin
1