GE is breaking out of solid resistance, get in this reversal name. New leadership under Culp, new vision, free cash flow improving, this will be 20 dollars in 2022 so get in while you still can go long.
AMD long to 100.
Scenario 1 (red) - dead cat. AMD goes to test the flag bottom trend line and burst out on catalyst (e.g. new product release and updated guidance on demand).
Scenario 2 (green) - AMD continues but fails to breakout of flag structure while we wait for a catalyst (such as we saw with $NVDA). This involves AMD hammer on daily bouncing on decent...
CCL could break out here to 26 and fill the gap that it failed to fill earlier in 2020.
However, it clearly rejected the gap fill on Friday. Time will tell what happens here. If we don't see a breakout next week this is a short to support.
Recently did a split, so cheaper to get in. 4% yield, great mix of growth and dividend, and is a utility so even if we double dip into recession utilities should stay strong in the years to come.
First target @86