This idea comes up from one scanning from last day (18.04.). I looked for a undervalued stocks, so i find that one. Her P/E ratio is around 6.5 and i think it`s still under the radar. It`s a fact, that the last earnings report were below 2017`s, but i think, that investors were treating this stock too strong. The GURUFocus says, that we have 39% of margin of safety.
DLPH - a clear downward trend, moving average 20 accompanied by its decline, under 16.5 - on the way to all-time low. I belive it can do it with the tailwind of the market.
I'm tracking price action and OBV for intraday trading.
i'd love to hear your opinion.
Delphi Technologies PLC (DLPH - Free Report) has been struggling lately, but the selling pressure may be coming to an end soon. That is because DLPH recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
What is a Hammer Chart Pattern?
A hammer chart pattern is a popular technical indicator that is used in candlestick charting....
The company meets my fundamental screens. But I'm just looking for a quick 2R - 3R bang from it at the moment.
Trade idea is outlined on the chart.
Price gapped again on volume above $78 resistance after basing below $71. Price is trading +4% from the 50 Moving Average and has had a significant run since January 2017, hence the reason I'm more hesitant to...
Strong earnings on 2/5/16 helped form the head of this possible inverted head and shoulders. Watch for the neckline at $67.50 to hold as support. If it does price will likely retest resistance at ~$79.