After months of languishing, crude oil has skyrocketed above $80 a barrel in London, signaling a remarkable recovery in fuel demand across China and other regions post-pandemic. But that's not all! Brace yourselves for an even more thrilling development: production cutbacks by Saudi Arabia and its OPEC+ allies are poised to deplete storage tanks worldwide...
BCO provides secure transportation, cash management, and other security related services in North America, Latin America, Europe, and internationally. The EPS growth (TTM vs Prior TTM) is 500% and there has been significant buying by CFO, James Domanico for a total of 130,327 share for a total market value of $5MM as recent as 7/12/22.
We are around 2% above the...
Brinks has been consolidating around its 50 MA after a 100% rally from November of last year. If you zoom out to the weekly, the stock is forming a base on base pattern where it initially formed a rectangle pattern, broke out, and now forming another basing action just above that level.
Brinks Co (BCO)- PROVIDES SECURED LOGISTICS, CASH MANAGEMENT AND MONITORED...
-March drop took BCO into a 10+ year area of prior resistance that is now acting as support.
-BCO completed a .618 retracement of the entire move from all time low to all time high.
-BCO now looks ready to breakout from an approx. 7 month long wedge pattern.
I. Analysis
1. Stock ranging since end April until beg May after a steep sell off. Broke out below support level tested trice + stock trading below 50MA. - Bias is short
2. Previous support turned into resistance with the breakout had been tested trice and hence works as a good vale area + price is now leaning against 20 and 50MA
3. Bearish engulfing candle formed...
Contextual immersion trading strategy idea.
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally.
The share price fell after bad earnings. It looks like it will continue falling.
The demand for shares of the company still looks lower than the supply.
So I...
Brinks trading at 40% below its fair value, earnings are expected to grow 66% per year. Volatility on this stock is highly influenced by the broad market. With that in mind, now might not be the best time to buy. However a good stock pick for the watchlist.
Medium to Long term outlook, looks positive.
I believe this market is at the end of an extended 5th wave. Behaviour following fifth wave extension is typically sharp and will find support at the level of the low of wave 2 in the wave 5 extension. In the case of Brinks CO expect the correction to end around $26. If my analysis is correct the RR is asymmetric.
