Snowflake's 52wk low is $184.71. I would set the stop at 184.5. If there is a bounce before it reaches a new low, it could be an inverse head and shoulders and heading much higher. It is tough though as any company that is not cash flow positive is being beaten down with expectations their expenses will increase and margins will decrease which is why it is...
MCD is not far from the precovid high. If we are expecting people to continue to be watching spending as costs go up, I would expect places like MCD to do better. Not sure exactly where the bottom is but I will probably play a bounce off that pre covid high.
XLE will have a tough time getting through this area but in reality, it needs a cool off period anyways. Would not be surprised to see this fall back 10-15% before pushing higher. If it breaks through, however, it will still be good to hop on board to $100/sh. GLL This is not intended as a recommendation. It is for informational purposes only.
OGN has had a nice move back to ATH. Now I would expect some consolidation and then higher as long as there is not a bad ER. New stock so be careful of traps. Analysts do not favor it really but that does not mean much.
CVS is a perfect example of what we should expect in MO. Be smart and follow suit.
MO is continuing to break out. Long term this is beautiful set up and would be foolish to ignore.
Silver is now following Gold's lead and breaking out. Much more room for both to run.
People say to me all the time that they believe in a stock and will hold it forever. Quality companies with great management, good FCF, strong market share etc can be that type of stock. Aggressive/crappy stocks like AMC should always have a stop. This was easy to see and easy to make sure you got out. Dont be a bagholder. Learn TA
Not only is SCCO looking to pop soon but longer term it looks to head to $83 and beyond. Great risk return here. Stop around $63-61 (lower for me) with nice upside. Im buying.
The vanguard value fund is a quality company fund. Some of the finest and strongest companies in the US and world. It is showing a H&S formation. This is ugly. Failure from 142 leads to 139 failure possibly. If we lose 139, the market is screwed. and we are heading another 20% lower at least.
SO is a utility company that sports a 4.14% dividend. The issue is utility companies usually fair poorly during rising rate environment. Roughly 17% drop for 1% increase. But they do fantastic in a recession since people may stop spending on many items but never on heating/AC. This gigantic pattern is either a rising channel into breakout or its a gigantic bear...
AVGO and so many charts are just massive negative looking situations. It all could be nothing but it markets are positioning for these companies to head severely south. Why not pay attention?!?!
Todays close was a nice push that should continue until at least $53 now. Above there, $58 -> $66 -> $75. Add the 7.11% dividend compounding every year and you will double your money with dividends alone over next 10 years or sooner. You are welcome. All aboard the MO Train!!!! This is not a recommendation to buy or sell. It is intended for informational purposes only.
This is a great chart and I have noticed a lot of cool long-term correlations and trends coming together in the charts. This monthly chart showed failure on this pattern. However, it bounced and currently sits at the long-term support turned resistance. Can VZ push higher with a 212 monthly candle formation? Short term stop at 51.75 and longer term 49.5. below...
It is not really a story of corruption. It is crazy that the two most successful times in this company's career was by creating Viagra and creating Covid...errrr I mean the vaccine for one of the covid strands....sometimes...when it works. Screw it though!!! The government is giving them billions and billions of dollars for no reason!!! Let the good time roll...
$FCX is gaining strength. This monthly chart is awesome. I would expect some choppiness at the trendline resistance of the bull flag and extremely long term trendline. I was buying for clients in the 30s but now will move to a 7-10% holding and will hold until it $65 minimum.
SLV has a strong chance of following behind what GLD just did. Breaking out in the next few days/weeks. Make sure your stops are smart since these markets move very fast. However, I do not see how this does not continue.
Strong gap up in GLD today. Usually, it will pull back and fill that over the next couple days/weeks and then run. However, it could be a gap and run in a new "favored asset". Meaning it is a great time to be adding today, tomorrow, and the next week under $180. GLL This is not a recommendation to buy or sell. It is for informational purposes only.