The more I look at this chart the more I am looking to buy some. It will need to break passed the red resistance line while holding the Indigo box, preferably the yellow line that it is holding at the moment. Time will tell. If it breaks down below the yellow line but holds the blue box, oh well better prices right. Placed in watchlist!!!
I really like this stock. I'm holding hundreds since several months ago for the dividends and is a cheap stock (Yield 9.58%-$3.54 a year). This is the perfect time to buy and hold forever. Here is the strategy that I do, is very simple. Just buy at least 100 stocks, and keep buying on a drop 100 more and so on depends on your risk tolerance and cash available....
It's going to be a limited recovery.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere...
Trend:
Uptrend since May 2022, confirmed UT with break of previous high in June. Nice pattern with higher highs and higher lows.
Currently 3rd bounce on the trend line. Also, previous downtrend line has now been used as support.
Setup:
Calculation with candle touching trend line on Sep. 16
Fluff 1%
Take Profit determined with angle of previous bounces and...
Bulls have poised the price right above an ascending parallel channel
This channel will likely act as a support if it is retested
Bullish results shown with the green bars pattern
Immediate targets 44.36, 40.89. Invalidation at 64.59.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically...
P/E 12.01
Debt/Eq (No debt)
Insider Transactions -29% (3M)
Most recent was the COO dumping 9,244 shares on Aug 07th at $27.9
Institutions Own 20%
Sales Past 5Y +5.8%
Short Float 0.35%
The market made a bounce on a very important line. which was a support before
breaking on (March 2)that gave us a nice bearish trend. and that has become a resistance.
For now there's a probability that he will made a correction,around 30.5
to gain strength since it couldn't break that level
Another resistance breakout and again in the Financial Sector with the same fundamentals (Raising interest rates)
Now we go to the technical aspects you can appreciate some weeks ago a clear resistance breakout with your respective pullback in the 25.00 area, accompanied by a red candle with a considerable bottom tail rejecting the new price level and testing the...
An insider bought around 1,000,000 shares on 9/1/17, so with less supplies (stock shares) demand (price action) will go up. This is supply/demand principle.
