Long for the short term recent market weakness is another opportunity to pick up some shares. Last two session the price formed hammer which gives me a conviction to enter though would love to see volume to increase. Target price 34.50 with stop loss 30.94.
The price looks to have printed a bottom last few sessions. The chance of reversal is imminent and Friday broke upside after a period of uncertainty or consolidation. This bottom triangle from August low to October high with a higher low suggest a strong upside move with target price of $15
I believe so, it can still hit $180 levels, but the sector $XLK is down over 12% since Sept high. On September 21 there was high volume which was a good signal of what to come. Earning may have triggered the sell off but smart money exited or shorted last two weeks of September before the stock printed its 52-week high. Now, I am adding small positions for a...
Honestly, I am not sure that will be the case. Lately, it surprised me to the other side, but still maintain high rate of success when it comes price prediction. Intra-day trades almost above 90% but have two open swing trades both in the water but far less what we had accumulated from winning trades. Let us see.