There is a formation of an upward wedge for the large part of May. But in the longer part, there seems to be an upward trendline regarding support. The way I see it, it has a good chance at failing to break the resistance in the short run, but it could do it in June, especially with the economy starting to open up.
Triple Bottom with more room to run towards the upside. But there is a potential descending triangle that could mean more room to the downside. It is best to wait for either a break in the support, or a break in the downward trend before doing anything major in the stock.
Yes, you do have a double bottom, and a possible ascending triangle, all which point towards higher gains. However, there is one major problem. November 7 is when the lock up expires. which means that there could be close to one billion shares out there, which can drag the stock down.
Fundamentally, it is a good stock to own. It is in line with the rest of the insurance industry in terms of pricing, with healthy debt levels and profit margins. But you also have to consider that the debate regarding M4A, or even a public option, is going to heat up once 2020 hits, really escalating if the Dems take it all. But I believe that those fears are...
MSFT has been a market darling for a while now, and for very good reason. Trading sideways going into the earnings, the chart does show a rising triangle, with price action respecting the upward trend. They've always killed it come earnings, and I do believe that tomorrow it will be the case once again. If that is the case, there is a good chance that by the end...
Fundamentally, it is not a bad stock to own. It is on the lower side of Price/Earnings spectrum compared to other American railroads. Debt Levels are kind of concerning, but they did mention cutting costs and headcount during their recent earnings call, which will help them take care of that. Also, should the US, Mexico, and Canada ratify the new NAFTA, railroad...
It just cannot maintain a position above its September level. RSI/price relation does show signs of a bearish divergence. I don't think it would hurt to buy a put.
