Looking at a potential entry on Diageo.
Price looking oversold on the RSI, strong volume on todays engulfing bar from the lower band.
Although, some negative news re FX conversion rates it is a insignificant amount in relation to the total revenue.
I want to see break above todays high to enter.
Based on technicals Diageo looks to move long back into the daily trend.
Diageo will pay $700 million up front for four-year-old Casamigos Spirits, co-founded by Hollywood star George Clooney and two of his friends. Who doesn't like tequilla or Clooney? Worst case scenario.... yet another celebrity pump and dump.
This is where I practice ideas and...