The PEAD projected a Bullish outlook for $MKC after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
Dominant trend line in solid white Similar double bottom formations can be seen in green rectangles Continuation pattern
The 200MA support is too strong within this one Has not been broken since its inception (1976) Very reliable long
Short (Entry Price) within the sell zone area and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price. Entry Price: $92.43 / $93.18 Target Price: $91.18 / $91.84 Stop Loss: $94.52
The PEAD projected a Neutral outlook for $MKC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
Price action would suggest this is a rather good short opportunity on MKC. Risk/reward here is excellent.
Limit buy - 83,05$ Target - 91,60 Risk/Reward Ratio - 3,23 Stop-loss - 80,40
Appears to be close to a bottom down there. Price is still fairly close to support, unlike a lot of the market right now.. From reading, it looks like MKC got in trouble over some Italian seasoning that they have since recalled from the market. Earnings are estimated September 27th. Talking heads were speaking of folks being too afraid to go out to eat )o: I...
My EP is 90. Best stock today to go long using PVSRA analysis.
Confirmation if we break above $89, first target $92.87 not a big run, but God seems to be sending signs in the form of comedy to me lately. March was all Penis Patterns (AKA Head and Shoulders). April brings the Ovaries (AKA inverse H&S) *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
The PEAD projected a Bullish outlook for $MKC after a Positive over reaction following its earnings release placing the stock in drift B If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
MKC BUYZONE = 83 - 84.50 Cost Avg Down (CAD) = 76 1st Target = 90 2nd Target = 95 3rd Target = 100 HODL Target = ATH+ ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form...
MKC is being given a sell rating by tradingview, with oscillators pointing towards a move downwards. It is making lower lows and lower highs, so one could potentially look to swing this soon.
Earnings Estimated to be 9/29 Double check that Looks like MKC does miss /beat last quarter though and had a big move up. NV increasing Not a recommendation and it all depends on earnings
$MKC are reporting earnings next week on Sep 29 Before Market Opens. Historically, their Q4s were the strongest. However, this year, Q2 was almost as strong as the previous Q4s because of the lockdown. I am bullish on MKC and expect Q3 2020 earnings to be very strong.
This boring spice trade is still inching up to its cup'n handle upside target of ~$194ish "the spice must flow ..." LONG