Is this the completion of a Head and Shoulders reversal? Time will tell and we should know by March 2020.
Following the merger approval, Sprint hit our short term target zone of of 6.10 - 6.25 much sooner than expected as shown on the chart below: Our attention now shifts towards a much more long term time frame, as the stock broke above its multi year Triangle on the 1W chart, with the RSI crossing above the 70.000 mark for the first time since February 2017...
Sprint posted a strong rebound yesterday as it found Support on the 4.80 - 4.70 Zone. At the moment it is still on a strong 6-month Channel Down (1W RSI = 34.548, MACD = -0.393, ADX = 48.905, Highs/Lows = -0.4078) but the conditions for a long term bullish reversal may have already started to emerge. The strongest bullish confirmation would be a break above the...
As AT&T's stock dips on the ex-dividend date today, traders may want to take advantage of the buying opportunity. Communications services are likely to be a solid sector this year with the 5g revolution coming, and comments by AT&T's CFO indicate that the company has strong execution right now. The CFO reiterated the company's EPS guidance of 3.60-3.70, above...
Nokia's stock price bombed after its last earnings report. The drop was definitely justified given its change in outlook for 2020, but the 2021 outlook still looks good. In two years, I think we see $7 per share for this stock. It could happen sooner if Nokia starts to execute better. Short-term, I see bullish divergences that suggest momentum is coming back into...
AT&T's valuation looks pretty good today, with a 57/100 valuation score from S&P Global Intelligence. Dividend yield currently stands at 5.5%, making this a solid stock for recession protection and a steady cash return. Analyst summary score is 8.9/10, and options activity is bullish. AT&T is in the middle of a rising wedge; buy here or pick up any dip to the...
Price rejected the strong blue resistance zone. Target is around 54.5, which is located in the the lower blue zone. Always keep it simple ;).
After breaking into higher ground last week on solid volume, shares of TELECOM ARGENTINA SA - NYSE:TEO appear to be turning the tide and in the process, has recaptured its 200 DMA and now finds itself in position to perhaps start its ascent into northern territory evidenced in the Daily chart above. With the move above its 200 DMA, we can observe that TEO now...
Bottom forming / consolidation on $GSAT - 5G play. Holding 10k shares since .44. I believe this could be headed 1.50 at minimum within a few months, first stop around 1.10. Needs a strong catalyst. Do your own due diligence. Good luck!
Glu Mobile broke above a downward trendline thanks to support from a longer-term trendline formed over the last 12 months. That support line may also push GLUU out of its downward parallel channel, in which case the price should oscillate upward ahead of earnings in late July. Despite strong analyst ratings, earnings expectations for GLUU are .02 per share lower...
We've been monitoring the action in shares of MOBILE TELESYSTEMS - NYSE:MBT for a while now and it appears that the stock is starting to find buyers as it approaches a significant level in order for the stock to release into higher ground. As we can witness from the Daily chart above, MBT presently finds itself trading above all of its important moving...
KSS has seen a surge in volume over the past few sessions around the previous high, sustained interest could see this break with a target price of circa 43c if the move runs to full potential
I don't want to use this chart to give targets but merely as an illustration of what a very strong technical chart looks like. Firstly as can be seen by the price action we have seen successive higher lows and higher highs on MTN which is very much a characteristic of bullish chart. Adding to that, we have also seen all the major moving averages cross upward and...
Never has there been so many multiple confluences on a single chart as this one. Firstly, price formed a head and shoulders pattern on the weekly chart, and tumbled down after the completion of the right shoulder and breach of the price below the the neckline. Secondly, prices have managed to stay under the neckline, which was a key psychological level at 14 000....
This stock recently broke out of a descending trendline,and is currently retesting either the trendline itself or a support zone. I am of the opinion that t his stock will resume going up once enough buyers enter the market. Traders can possibly look to enter a long position at the 9 615 level, which rep [resents a support level.
$JSEVOD released a decent set of results this morning in the face of a tough economic environment which we have witnessed locally for the last little while. Perhaps now with elections out the way and a gradual uptick in economic activity, this local counter could benefit from inflows into the SA inc sector of our market. This year we have seen price action...
Sprint made a Death Cross on 1D last week (MA50 crossing under MA200) on bearish RSI = 38.934, MACD = -0.125, Highs/Lows = -0.1518. The same pattern has been spotted 3 times in the past, all of which resulted in massive loss in value (roughly -41.50%, -52.30% and -47.80% respectively). Assuming it follows a similar pattern, an equivalent of the last Death Cross...
So last night I said that AT&T was going to rally to 32.45. It was looking good with gains and natural consolidation, but it looks like it wigged out finally. it got near the 32.45 marker and then dropped to open at 31.78. We are inside my pitchfork again (unfortunately), but with the patterns we've been seeing we will most likely see a bounce back up sooner or...