Maybe this is just a moral decision and not so smart but I live in Florida where hurricanes are very usual, bet against insurance companies who could save your house or car is quite stupid as to bite the hand that feeds you.
This is not an idea nor a call. Just simply don't do it.
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There is a nice flag pattern today. The stock went up a lot on earnings and what we see after a big day like that? A retracement with low volume because that means that all these buyers who bought on earnings , then they are taking profits or are doing nothing so that make the stock to stall. Now, today the stock regain its strength from earnings and went up with...
ALLE ( Daily)
Potential Wolfe Waves 5.
Overthrow possible, but candle behavior hints at hesitation and turn, with some volume.
RSI bearish divergence.
AB=CD 50% retracement, ETA (25/12)
Right Shoulder formation, a possibility.
This recent IPO Found some support in $48-49 area after a controlled pullback from double top @ $55ish area. Uptrend is still intact from low $40ish area which was the sell off bottom after company became public.
This security company is component of S&P500 and with spy building an upper level base in front of highs and preparing for break up this stock could be...