Speedboat maker Brunswick may not get a ton of attention. But it’s exactly the kind of leisure stock that’s zipped higher lately. First, notice how the stock fought to get above the $90-93 area earlier this year. It broke that zone in early March, briefly probed above $100 and then pulled back. Buyers defended the old resistance and turned it into new support in...
Financials are the second-best performing sector in 2021. Now one of the biggest names has pulled back to hold some key levels: Morgan Stanley. MS dipped on the Archegos implosion last week, but reportedly faces no significant losses. That brought MS down to its 50-day simple moving average (SMA). It tested below that line on March 29 but has managed to close...
I've been looking more at value stocks (high cash flow & strong dividends)... and Kroger caught my eye. LOOK AT THAT W!! Granted we are looking at 1 week candles over YEARS... but... I'd look at this as a buying into a long term play at the right time. August 2012 started a massive 3.5 year bull run Start of 2016 we see the beginning of a major...
From Las Vegas Sands to Live Nation Entertainment and many other stocks, bullish triangles keep popping up in "reopening" plays. Notice how LVS clawed to a new 52-week high above $66 in early March, stalled and then pulled back to previous highs around $60. Also notice how it briefly tested under that level, along with its 50-day simple moving average (SMA),...
General Motors continues to push higher as investors embrace value stocks and the cyclical recovery. Once again the chart is giving some potential signals. First, the auto maker pulled back to hold the trendline in place since the start of the year. It’s also bouncing near its 50-day simple moving average (SMA). Second, notice the large bullish candle on...
Travelers doesn’t get much attention, but maybe it should. The insurance stock trended steadily upward since October. It made a new all-time high above $160 last week when Chubb bid for Hartford. TRV quickly pulled back, creating a potential opportunity for buyers. Notice the trend line running along the lows of late October and early February. Price held that...
Looks like bottom of longer term channel, with trend just beginning to reverse. Good entry point for a long play in my opinion. Short term channel confirmed, watch the red meridians for price breakouts, but price should stay bounded within the narrow channel for the foreseeable future.
Attractive entry at $8 with a PT of $16. Lines up with $FNKO estimated fair value. Expect this to play out over the next 12-18 months as FNKO’s e-commerce / direct to consumer platform continues to mature + new. I expect further value around 2022-2024 with the Marvels Phase 2.0 coupled with the (hopefully) return to steady blockbuster releases + PS5 games.
After conducting the research, I invested in and made over 200% on (XTLB) & (EYES), short % of float has been reduced to less than 1% of outstanding shares short currently. Now investing in (XENT), has a short % of float of 6x larger (6.25%), total of 1,050,000 shares short, so may see an even lager gain. Ears, Nose, Throat Devices Market to reach $26BB, with...
Attention is shifting toward industrials as technology and the Nasdaq struggle. Two companies in the space have potentially bullish patterns: Illinois Tool Works and Stanley Black & Decker . ITW is the larger company with a market cap of about $68 billion. It broke out to new all-time highs in August and consolidated for the next seven months. Now the bulls may...
Follow me and like trading ideas for more detailed analysis. HDFC Life recently showed us major breakout, and now we can see a sharp rise in large investor dealings followed by favourable Elliott and Gann fan trends. According to our detailed analysis here are some trading ideas and targets to keep in mind for HDFC Life:- Long - (Minimum target for 15th...
Software companies have lagged this year as investors focus on cyclicals like energy and financials. But one unexpected name is breaking out: Oracle. As covered previously, strong earnings lifted ORCL to new highs in December. It then pulled back to old resistance and bounced. This week, its shares are closing above their previous all-time highs. Two technical...
Reasons to buy Tsla Although electric cars occupy a small portion of the global automobile market, Tesla has acquired a large market share within this niche segment. Tesla has a little less then 1% marketshare worldwide which is impressive for a young car company like Tesla. Especially in the electric segment where it has 16% marketshare in 2019. The company has...
Polkadot is the biggest decentralized finance (DeFi) blue-chip cryptocurrency and will be taking the cryptocurrency world by storm this year. There will be an extensive amount of projects being built on top of the Polkadot network this year as Polkadot will be the incubator for the future of DeFi. Especailly when Initial Dot Offerings (IDOs) start gaining...
1.6 Trillion dollar company here. Amazon is a near and dear company to my heart. Not only do I use their services regularly I find they deliver an exceptional client experience and have been doing that consistently for a long time. I wish nothing but good things for Bezos and his new venture and hope he finds great success being more hands on with blue...
I believe that LATAM Airlines is a great buy here. It has been showing some upward momentum lately and is poised to make gains as the entire Airline industry recovers. If you want to buy value this is it! My first target is roughly $8.00
1) Given the current market dynamics, now may be a great time to buy "value" stocks. For example, I also really like $MO (roughly 8% dividend yield right now and a beautiful ascending triangle reversal pattern on the weekly chart). 2) I like Elon Musk but the company is grossly over-valued, and his $1.5 billion investment in bitcoin has a bubble like sentiment....