Reasons for bullish bias:
- Strong resistance breakout
- Price has broken all-time high
- Accumulation phase breakout
Here are the recommended trading levels:
Entry Level(CMP): 62.18
Stop Loss Level: 52.73
Take Profit Level 1: 65.33
Take Profit Level 2: 68.78
Take Profit Level 3: Open
🔍 Analysis:
Strategic Focus: Carrier Global Corporation (CARR) is concentrating on its core operations by divesting its Commercial Refrigeration and Fire & Security businesses after acquiring Viessmann. This move aims to expand its presence in food retail refrigeration.
Asset Optimization: Carrier sold its Industrial Fire division to Sentinel Capital Partners for...
Dear Esteemed Investors,
Everyone asked me to write an analytics on CARR. Although my forecasts achieved some success with this stock, let me remind you it's only a very small percentage of my portfolio. I can measure my exposure in hundreds of thousands, which is relatively small compared to my gold exposure, which I measure in millions. With that, I care about...
Carrier Global purchases the Viessmann Heat pumps unit. The market reacts very negative due to the high price but nevertheless the deal provides big business potential for the future. A opportunity to enter? The technical situation is not 100% supportive a seems more bearish than bullisch. Nevertheless, the price meets some important trend lines and supports, thus...
The impulse wave structure is pretty obvious here. Should get a big run on a breakout ATH confirmation with a lot of accumulation already. On a 10yr span I see a possible 1600%+ gain.
Why Carrier? They are the biggest worldwide HVAC company on the NYSE and Europe is in desperate need for A/C units after suffering heatwave summers with less than 10% of homes...
Entry: with price above 60.04
Volume: with volume greater than 4.1M
Target: 72.18 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 60.05 & target of 72.18, a stop at 58.54 gets you 8/1 Reward to Risk Ratio.
This LONG swing trade idea is not...
CARR has formed a nice rounded top
These structures usually result in a breakout, which is nice at the top of this down channel.
This could result in a long term trend change.
The asset has now arrived at its major resistance labeled as R1.The asset has the potential to complete a cypher pattern from the load zone for a breakout to the targets labeled on the chart.
After earnings report price is still in a uptrend with little sellers after the follow through. Stock is still extended form KMA and would like the 23EMA to catch up and have the price hold the MA. Volume shows buyers are in control of this name and it wants to continue the path of least resistance which is currently up.
No good R/R entry at the current prices....
Carrier Global is having a great rock solid run with the tiniest of pullbacks that might allow an opening for an entry or top up for those interested.
Could be worth a look.
Carrier Global Corporation is an American multinational home appliances corporation based in Palm Beach Gardens, Florida. Carrier was founded in 1915 as an independent company manufacturing and distributing heating, ventilating and air conditioning systems, and has since expanded to include manufacturing commercial refrigeration and foodservice equipment, and fire...
