The PEAD projected a Bullish outlook for $BAM after a Positive Under reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Goals 200, 179. Invalidation at 262 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that...
The PEAD projected a Bullish outlook for $BAM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
A giant rising wedge can be observed on BAM
This is the weekly timeframe and completion of the wedge is evident
Normally Rising Wedges act bearishly but one of this magnitude hodls bullish potential, which is also evident with the breakout
A support retest of the upper trend line and then further upward movement is likely
The PEAD projected a Bullish outlook for $BAM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
The PEAD projected a Bullish outlook for $BAM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
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1st off, this is an asset management company. I think it calls for more fundamental analysis than technical analysis when it comes to such companies.
Nonetheless, the consistent uptrend since inception is phenomenal! I will never short this company.
From technical analysis point of view, look at how well price respects the 50MA from week to week. And whenever...
Financials haven't been so great. Some consolidation going on. Price is currently at a resistance zone. Looking for a retracement of the previous low before it may continue up....IF IT DOES. Used pivot points (orange triangles) to show pattern and relationship from resistance to support.
Let me know what you think
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Strike Price: $39.27
This compares BAM's performance with SPX.
At its peak, you see BAM was up about 160% vs SPX at 79%
Also there are signs of BAM moving independently of SPX. Lacks correlation. We need to find what is the correlation between the two.
With a positive over reaction following $BAM earnings The PEAD projected a slight bullish outlook with the PEAD placing the stock in Drift B
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We see the stock fell in the period of February and March and now it is transiting in to an uptrend pattern. The chart has broken the downtrend line and failed to form a lower low. There was a retest and failure at the price of $35.25 in April and that resistance has been broken in June. We are now seeing a retracement on the chart, with the uptrend line...
Ticker Symbol: BAM
Pre-CoVid-19 High: $45.45
Support: $29.81
Potential Profit: ~25%
MACD: Going down in the 1 month, 30 min time frame.
RSI: At the time of writing is 55.
Entry point: RSI at the 1 month time frame around 30.
MACD: Going up.
Hey people, BROOKFIELD ASSET MANAGEMENT is in a configuration of an upward movement, probability of breakout if one passes above half of the stabilization zone.
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