2 possible bottom levels:
Level 1- 6.85 which it touched twice in the last 1 week.
Level 2 trendline touch, can be around 6-6.25, this level is very important as reversal can be started from here based on the history.
From this level i.e 6$, I am expecting a bounce to 9's range.
Fundamentally this stock is very cheap, 5B approx. sales expected in 2021 and 5.5B...
AI has completed left shoulder and head already and trading around the parallel support channel. If it is able to hold this level, I am hoping this to complete the right head and also give a breakout.
SL below parallel support channel
Baba survived with this fall and touched long term trendline. I am optimistic for this long term, but better not to put huge money in it right now.
It has to two major hurdles red horizontal line and tringle it is forming. Better to trade once direction is clear
EBS looks like a solid buy, I am investing at current price, if it goes down then I will add around second support.
Reasons to buy:
RSI looks oversold
Stock trading at long term trendline
2021 consensus earning estimate 9.01 which means 7~ PE.
Volume is increasing which shows it is getting attention
Once the FDA will approve its facility, it will fly....
Fedex is falling with in parallel channel, first it will have to come out side this parallel channel then recovery can be in parallel channel.
It has so many support levels, current support is 246, then 240 $..then 230..then Long term trend line @ 213..