how fundamental analysts come up with price targets. They are technicians at heart:)
on good volume is a sign to watch for potential base formation. $CL_F $USO
One area of support could be around 180, at the confluence of TL and Fib from 2009
getting sharper by the day. Should soon resolve with a pop higher short term
but question the timing. Its a strange coincidence that MS is a co underwriter of the secondary offering
but question the timing of the upgrade today. MS is the lead underwriter for secondary, careful!
Next support in that case $332-$342, ~61.8 Fib
Sitting at confluence of 38.2 Fib (from start of year & 100 DMA.
and shown only 20/50 DMA cross. Looks nice so I didi some backtesting from 2010
Just got out of $TSLA, personally not a fan of 20/50 DMA cross down
Post ER @38.2 Fib. H&S measured dip possible target $218-222
watch for follow through buying tomorrow. Volume heavy > 10 Day avg already
has been followed by several months of bearishness historically. Watch at EOM again