Get started

Shares

ASTON MARTIN - REVERSAL ZONE? LONG-TERM INVESTMENT OPPORTUNITYAston Martin has been on a steep and vigorous decline since its IPO. Could Aston Martin turn things around from here and start reversing from current prices? Aston Martin has recently announced involvement in F1 with Racing Point rebranded as Aston Martin. This could help in turning things around. Billionaire Lawrence Stroll has clear intentions to do so and has invested into the company with a £260mil injection. Toto Wolff, Mercedes F1 team-principal has also bought a stake in Aston Martin. This indicates a large force and urgency to turn the Aston Martin brand around, stabilise the business and clean the balance sheet. With the share price being significantly devalued and oversold and the falling wedge breakout, it could be an opportunity to invest long and short-term. Short-term in the sense that the stock is highly volatile meaning returns (and losses) are seen much quicker. However, as the business model and balance sheet, as of now, is very unappealing, unstable and risky, the clear down-trend might still be in play and the current equilibrium triangle pattern maybe a consolidation phase before breaking lower in continuation. 4 things can happen here: Equilibrium breakout upwards and a reversal Equilibrium breakout downwards and a continuation Equilibrium breakout downwards and a double bottom Delayed Range-bound consolidation sideways VERDICT: The trades/investments above should be played in accordance with your style and risk-tolerance since, given the volatility of this stock, there is high risk. Since the chart is in a clear down-trend, the balance sheet isn't yet appealing and macro-economic factors such as covid, bull calls are more risky than bear so do your own due diligence and manage risk appropriately.
LSE:AMLLong
by JayanVarsani
LYC Bullish move above 2020 highLYC broke it's bull flag patter at end of July and is now set to break it's 2020 high and then the chase is on for the 52 week high ($2.95) with the 1st profit target being the Fibonacci level of 0.786 which is a $2.73 share price. Recent supporting bullish activity on the chart is the golden 50 and 200 moving average cross occurring. Add to this that rare earths sector which LYC operate in is currently in flavour as well. My opinion is bullish on this with a 1st proft target of $2.73 before some consolidation and a run towards the 52 week. This is only my opinion and you should always do your own research before investing.
ASX:LYCLong
by gary_trades