Elliot wave counts marked on the chart.
Regression downtrend channel breakout.
Most positive indicator is Weekly MACD turning positive.
JULY/AUG are seasonally bullish.
Added to SP400 list.
June Monthly candle stick is a bullish hammer.
OIL should be back to new normal 75~80 and range to 100. Middle East is back on TV... Tipical pattern is you hear Iran/Israel/Palestinian and middle east back on all media regularly.
BTW, PBR is set to rally for mid 20 by next year.
Notes on chart.
Seasonality history , Nada for summer months. But 60 looks possible by EOY.
Let us see whether it is different this time.
ATT is not aggressive about 5G and struggling on TWX deal. VZ is aggressive about 5G and residential broadband services.
Sprint&TMUS deal likely reduce the competition due to consolidation and price wars.
Positive returns on...
AI and the driverless car will get more traction in next generation cars.
Manufacturers will embed this AI(QNIX) into cars and ready to use and make it available for consumers. In fact, many cars have those Adaptive Cruise controls type of features. It means BlackBerry customer base and revenues should be incremental. Next generation applications should...