TA: It's a bit hidden from plain sight but on closer examination, you will see a rising wedge, which typically indicates a bearish reversal. The approximate price target is around $100 by the year's end.
FA: Supply chain issues could put downward momentum on the stock price.
This cloud company needs to hire more accountants to handle those enormous cash flows. When Wall Street gets word that IBM returns to growth. The candle sticks this chart is going to make will leave non-hodlers envious.
Technicals: 3 drives pattern.
DXY rallied out of a falling wedge pattern AND is making higher lows.
We have been sold a lie; the threat of hyperinflation makes for great news headlines but in reality the real enemy is deflation, hence the concerted efforts by the Federal Reserve and the government to boost spending. Will they be successful in staving off...
Technically analyzing TWTR would probably give a headache to even the most seasoned of traders. However, I believe it is hard to argue that the trend is UP!
Fundamentally, I am a sucker for this company. I believe Twitter's recent acquisitions like Revue and others will drive user growth. And with the forthcoming 5G rollout more people will be tweeting about...
Have you ever seen one of those pictures that has 2 drawings in one and depending on your perspective the picture looks different? From the chart pattern you can see consolidation happening in 2 different directions. The price will not be able to stay within this range much longer as you can see from the highlighted area.
The chart shows tight price consolidation with divergence*. The two arrows indicated possible price targets.
*Divergence is when the asset price moves in the direction opposite to what a technical indicator indicates.
The stock will rally once the price breaks past the pink line. Oil and gas will get more expensive as the demand continues to increase. Sure, people are driving less and working from home BUT the amount of construction projects going on is staggering, heavy trucks and equipment use A LOT of oil and gas. The demand is strong and the bull rally that started in...