Motorola... Time to cut your connection ??
Updated
Motorola (MSI) has performed very well in the past 3 weeks, tacking on nearly 18%.
This was probably due to earnings expectations (they beat estimates) and an 11% dividend increase.
The shares currently yield 1.23%.
Interestingly, the stock price has formed a bearish harmonic crab formation on the 4h chart, and simultaneously a bearish harmonic butterfly formation using RSI as input (insert).
Note: crab patterns can go on longer than expected.
So caution holders of long positions and of the start a possible shorting opportunity.
Targets are marked on the chart.
I will follow up and advise further if I feel a short position is warranted.
As always do your own due diligence and watch the overall market direction for confirmation.
This is not investment advice.
S.
Motorola... Time to cut your connection ??
This was probably due to earnings expectations (they beat estimates) and an 11% dividend increase.
The shares currently yield 1.23%.
Interestingly, the stock price has formed a bearish harmonic crab formation on the 4h chart, and simultaneously a bearish harmonic butterfly formation using RSI as input (insert).
Note: crab patterns can go on longer than expected.
So caution holders of long positions and of the start a possible shorting opportunity.
Targets are marked on the chart.
I will follow up and advise further if I feel a short position is warranted.
As always do your own due diligence and watch the overall market direction for confirmation.
This is not investment advice.
S.
Motorola... Time to cut your connection ??
Note
Nothing done yet but we appear closer to rolling over ..... Crab CAN extend to 1.92x which would take the price to $324 area RSI is also starting to roll overNote
Appears to be stalling....
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