Kellogg: Company splitting!!Kellogg Company
Short Term - We look to Buy at 71.09 (stop at 67.91)
This stock has recently been in the news headlines. They are splitting into 3 strategic companies which will increase efficiencies. The stock reacted premarket by breaking out of the triangle formation to the upside. This is positive for sentiment and the uptrend has potential to return. We look to buy dips.
Our profit targets will be 81.87 and 84.00
Resistance: 76.00 / 82.00 / 88.00
Support: 70.00 / 66.00 / 60.00
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Splitting
EURUSD COULD see a small bounce before continuing lower.It looks like we're at another crossroads today with the pair. It MAY be bouncing off the bottom of the retracement, headed upward until resistance.
Keep an eye on the price, if it goes over the pivot around 1.20750. You may wish to buy out your sell order, then re-short after the bounce. You could even buy after around 1.20800 for a short trip up toward 1.21000, It's only 20 pips, so if that isn't meaningful, just buy after it bounces off the resistance. Should save you a little profit.
But this is IF it goes back over the pivot. Still short on the current trade. Let me know what you think.
baba means bull now this company never stops amazing me, there isn't a TA that has forecasted this stocks price that wasn't short since idk 2014 lol its p/e ratio is insanely good, its in straight bull mode for the benchmark 300 that might be a phycological brickwall but I think were on pace to blast past that, its literally went up 3 percent aftermarket already. its nearing the 1 trillion gross and should best that in 2021 or 22, and it has a very modest subscriber base of 880 million and growing compounded 3% a year. I could go on and on, but just so you know investing 1k in amazon in 94 would make u a millionaire today, baba is 20 years younger and doing the same thing with a larger audience base. im not missing out on my chance again so im all bullish in this stock HODL