Trendchannel: positive startet app. 3.9.2019
I think there is a positive trend-channel and if CBL is able to break through there would be a huge potential for more.
A drop should end above 1,30-1,25 - there after is the potential too much.
what do you think?
The SMF strategy forecast indicates a setup on the following pairing;
Stock : CBL & ASSOCIATES PROPERTIES INC
Sector : Financials
Insdustry : Commercial REITS
Term : Short
Exchange : Cboe BZX
SMF strategy would be to Buy :
Between : $1.05 - $1.08
SMF strategy would be to Sell at :
Target 1 : $ 1.13 (5% Profit)
Target 2 : $ 1.18 (10%...
CBL and Associates Properties, Inc. has been in a long-term downtrend, and I don't think I'd want to own this stock long-term. Analysts are fairly bearish, and the stock has a history of missing earnings estimates.
For the last month, however, it's been in an uptrend. It broke a downward trendline, and most recently it's formed what looks like a double bottom....
Two good things are happening in my view. The stock has held the 50% retracement and the 21 WMA. Bulls should be looking for move above the $14 level. As noted on the chart, there is a lot of air until the next supply level towards $20.
Here is a summary of the company
Here is a nice write-up from Seeking...