Strong Balance sheet; potential take-over target, ex-Allergan CEO of NA develops their business - all that is nothing to the fact they save fates of poor sick people, not like big bio-pharma monetize on their grief.
$FIT has top notch financials with over 50% YoY growth. No debt. Super-duper patents applied. Love of teenagers, actually, I saw a lot of ads during sport events.
All in all, fitness wearables are here to stay and profits from them are supported by TA now.
This Spring there were huge Volume in DWTI and the fact that mid-term downtrend didn't go through tells me about accumulation in this ETF. And if you consider fundamental factors of OIL: Aramco IPO, shrinking demand from China, world transformation to alternative energy, in general bear state of Money Monegers by CoT ( WTI Commitment of Traders freecotdata.com),...
It is ready to go up high after testing 50 ema on low Volume. Knowing that it has double bottom on W, and the offer from TSLA, we have enough fuel to rise. Buckle up.
With printing lower highs on weekly chart - the trend is still bearish, and in this case Southern Gaps have good potential to be closed. With recent false breakout to the North on ultra-high volume looks like bull trap and need to slaughter weak buyers first. Also, Chinese stocks are overvalued compared to other markets and this will be a burden for Alibaba too....
Here I shed sunlight on the technical perspective of the amazing stock.
The company has good fundamental standing and now shows technical confirmation for the reversal with good upside potential. The price printed double bottom on ultra-high volume @ long term support and closed in the middle of the candle. Now, this week candle shall engulf the previous one(may...
