The Square Root set-up appears in large cap stocks that underwent capitulation. Because large caps are heavily traded, the high liquidity reduces sharp movements. This set-up is best for position trading and usually is a sweet spot for establishing a core position on a stock that potentially has long runway for an uptrend. Tailwinds: There are reasons to be...
Long, See a cup and handle forming, 31 EOY TP1: 21
- STOCK WATCHLIST - - IF TAK BREAKS EITHER TRENDLINE - - CAN INCREASE TO HIGHER HIGHS - - DROP FURTHER DOWN AS IT IS STILL IN A DOWNTREND - - MY OPINION IT COULD BREAK UPWARDS TRENDLINE BUT WOULD NEED 2 CONFIRMATIONS FOR A LONG BUY - - CURRENT YIELD: 4.75% - ANNUAL PAYOUT: $0.86 - TARGET: $23.43 - TP AND SL AS ALWAYS -
They recently sold off some underperforming assets, and will play an increasingly central role in COVID testing and vaccine in Japan. - forming great trend reversal. - FIBO retracement showing potential resistance/support for stock price. Happy Trading, from CJ -- aka the greatest FURU. To find out more about The Ultimate Stock Indicator on Tradingview, please...
That is one huge flat with an extended C Wave that I believe will continue to at least one of the Fib targets. We shall see, but I am not holding my breath for any reversal anytime soon. NFA