I am buying some NYSE:NLY , even though the stock is very overbought in the short term (see Money Flow Indicator at bottom of chart). I like the breakout through the dotted line connecting the highs from Oct 10 and Nov 17. After breaking through this morning the stock pulled back underneath the dotted line, but has now recaptured the high.
I believe that the...
NLY is a solid company with steady growth and great dividends. We are still seeing some bleeding but long term support exists in the 7.50 range. A rebound for Q1 should occur taking NLY back to the 8.50s
NYSE:NLY
Possible Scenario: LONG
Evidence: Price Action,
TP1: 9.10$
TP2: 10.20$
Call options, strike 9$, 11/19/2021.
*This is my idea and could be wrong 100%.
BREAKOUT STOCK ALERT
$NLY - Annaly Capital Management Inc Common Stock
Initial Alert Price: $8.32
Potential Price: $10.5
Potential Gains: 26.2
Stop Loss Limit: $
Looking for NLY to march it's way back to pre-pandemic levels before the pandemic hit, around the $10.50 Price Levels for a nice 20-25% return at the end of the trade. The stock is showing great...
The chart looks to be setting up for a swing trade to the long side. The MACD cross and the close above the .618 Fib level in recent days looks bullish. Also, the breakout of the down trendline looks good. I anticipate a moving avg cross over sooner than later which may bring buyers in.
something very interesting here. huge volume on a down day, but the price closed only marginally lower and right onto a retrace fib line.
close to lower trend support and EMAs are coming together. Setting up for a breakout one way or another.
Technical Analysis:
Prices are still moving inside the channel, just wait the breakout of the top resistance line or that the prices will test the support line again before going up/before buying.
Fundamental Analysis:
Annaly is a leading diversified capital manager that invests in and finances residential and commercial assets. Annaly’s principal business...
NLY in nature has been a fantastic investment but has suffered dramatic losses in several key operations. Technically, NLY currently sitting at the top of the range just having bounced again off of the 6.74 resistance. RSI at a local high suggesting short, but ADX in favour of long position.
Two TP points, Fib retracement suggests 4.66, but may come down to 3.83...
