From a technical view we see head and shoulders completing and breaking down below a key 2016 support level. Key support levels at targets 1, 2, and 3 based on Fibonacci extension and retracement commonality zones.
based on the head and shoulders forming, if price gets rejected at the current level looking to enter short and watching for rebalance around the 2040-2060 price level based on the Fibonacci cluster zone and the head and shoulders trend line
Fundamentally good company compared to industry averages -
Bullish technical indicators showing confluence around the $12.50-$13 zone including:
- ABCD pattern
- 70.7% Fibonacci retracement level
- 161.8 Fibonacci extension level
- Trend channel resistance
Good fundamentals and bullish...
Long term trade analysis:
-positive EPS, sales q/q, ROI, ROE, ROA, over 80% inst. ownership, 75%+ gross margin, low float and shares outstanding. Fundamentally valuable company potentially selling at a discount, potential value trade.
- key technical level around $8, if price fails to extend past 8 selling may push towards new lows, if bulls push price higher...
AHC saw a 13% increase after rumors of acquisition talks which can be found www.bizjournals.com
Price spent most of 2015 selling off, finding balance around the $5-$6 area until July 2016 when it reversed. Since then its broke out to the upside and recently hit the 161.8...
Hang Seng Index on weekly chart, after a bearish end to 2015, price has reversed and been bullish since the start of 2016. If price fails to extend beyond the 1.618 fib extension level completing the right shoulder of the pattern, look for continuation to the downside