After testing a strong support zone the price is pushing again higher.
The place where it is now is a bit tricky that is why I placed two possible scenario.
Targets on the chart.
Thank you and Good Luck
Hedge funds circumventing every rule of technical and fundamental analysis were indulged in a vindictive trading
against small investors from around the world who invested in NOK, LUMN and INO stocks.
These companies are financially sound, with excellent fundamentals and brilliant prospects and have nothing to do
with other companies with problems.
Lumen (more commonly known as CenturyLink) appears to be a failing company sinking in debt. Down more than 70% from its ATH, it has been slow to adapt to a changing market, cut its dividend by more than 50%, and reported a staggering $5.3 billion net loss in 2019. These factors have driven investors away from LUMN, dropping the share price to its lowest point...
The way the fibs are lining up, I am tending to believe this is an impulse and not just an isolated short squeeze, but my Elliot wave theory understanding is limited at best. I found this stock through option flow, then looked at the chart and thought it looked impulsive, but am aware this is one of the meme stocks and perhaps technical analysis is flawed in the...
Yesterday LUMN with an explosive 28% rise decisively broke 30months SMA and closed at $14.59, changing its long-term trend to rising.
It should be stressed that the rise was not by a gap but by continuous purchases that led to a volume of 60 M when the average volume of the last 10 days was 6.4 M.
That is, the rise was not for unloading but for buying cheap...
The long-term charts of ERIC+NOK+LUMN and XTC index are presented.
Notice that since 2009 the three stocks have been underperforming the index while historically overperforming.
Probably the historical order of performance will be restored in the coming years.
The NYSE Arca North American Telecommunications Index (XTC) is an equal dollar weighted index...
The mid- and short-term trend charts are presented. ___
Prompt: New traders should take some time and carefully read the post they will find on my profile entitled 'You can't beat the market'.
The author of this text is not an investment advisor. The preceding content is intended to be used for informational...
In the context of the war that broke out on Wall Street between small investors and hedge funds and in which the serious stocks of NOKIA and LUMEN
were unfortunately involved, took place the presented aggressive movement of entrapment of small investors with a -28.40% in Nokia and a -22.46% in LUMEN.
This move cancelled the crossovers of the great resistance of...
Here is my trade setup for LUMN. As for the upside potential, technically it should go way beyond the previous high but I am listing the target as the previous high instead. This gives us a price target of 320%. As far as SL goes, if we get stopped then losses will be -32%. This is an extremely long term trade and I am using it more as a low risk high reward trade...
With 450,000 route miles of fiber, including over 35,000 route miles of subsea fiber connecting Europe, Asia, and Latin America, Lumen Technologies is one of the United States’ largest telecommunications carriers serving global enterprises. The merger further shifted the company’s operations toward businesses (now 75% of revenue) and away from its legacy consumer...
In a market where most stock valuations have skyrocketed to Mars, Lumen Technologies is one of the bright exceptions,
being perhaps one of the safest investments available, for the investor to sleep soundly at night. LUMN has great fundamentals
and is a much underestimated VALUE STOCK, ready to change the declining trend of many years to rising.
In an article...
In Monthly Down trend Wedge,
It is possible to form double bottom;
Daily Demand zone confirmation
Daily down trendline breakout
This is a longer term plan, target for 13 months.
Target2 22; next monthly resistance
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use...