A trend inversion is expected to be confirmed within the next 52 weeks. Considering momentum, the following correction is expected to be in the range of 20% to 40% (by end of 2021).
SPY is close to the top end of 30 yr trendline, expected to start trend inversion by end of year
Wait for the stock to backtrace before opening long position
LEAR to backtrace to long term trend in the coming months
The short term direction is still unclear, wait for a clearer entry point.
Heinz should have reached the lowest level of retracement at current price level, expected to bottom and reverse.
likely to decline until reaching long term support
UBT = Ultra (leveraged) 20 Year bond ProShares ETF TBT = INVERSE Ultra (leveraged) 20 Year bond ProShares ETF
Stock price is currently trapped within a small range, but expected to break out soon - either up or down.
Major support levels / recommended buy points: 14.10$ 11.15 (mostly likely at this stage) 7$
Wait for price to revert to revert to support (estimated 35.10)
Currently in uptrend. Wait for reversal to support (estimated around 190).
Recommended entry prices for long term investors: 14.50$-19.40$