Hi, Unilever seems to jump up from the bull flag pattern from 2012. I will still observe as GBP is not stable at this moment while current CEO resigns. Yet, assumed recession considered, dividend history, this is good time to go long? Ichimoku is up. RSI is near overbought. Any opinions?
Hello, As always to my analysis, I cannot align myself to either bull or bear. Anyway. Here is my idea on SPX towards 2024. After I've drawn upward trendlines from 2008-09 bottom and marking the bottom of RSI, I think SPX could bounce back at 3750 (Sep 2022) and test the record high towards 4800. This may be plausible because the market rallies after mid-term...
Here, MSFT on logarithmic scale is touching the trend line from 2013 - 2015, and RSI is near over-sold range, so it looks to me this is a chance to buy. On the other hand, when I check the price ratios (P/E for example - sorry not on the chart), they are still elevated from these years. On Ichimoku, the price has gone clearly under the cloud first time since the...