Weekend Research 2 Birla Cable Ltd. CMP 293.4Birla Cable Limited (Formerly known as Birla Ericsson Optical Limited) is a premier company in the field of Telecommunication Cables, which offers one of widest portfolio of Copper and Fibre Optic cables under its umbrella.
The negative aspect of the company is high promoter stock pledging, decline in net profit and fall in profit margin of the company. The positive aspect of the company is technical momentum is shifting towards positive and the company chart shows that the company is trying to build a firm base between 260 to 290. MACD is also indicating positive momentum.
Entry in the stock can be taken after closing above 295. Targets will be 312 and 335. Long term targets in the stock will be 354 and 375. Stop loss in stock can be maintained at a weekly closing below 250.
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Stocksginals
Can Mostly Bearish GE be finally on a Positive Streak? $8 Soon?First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I have a few key insights. General Electric seems to be on a small bullish wave, and looks like core resistance targets are about to be broken. Given how ridiculously cheap it seems as a stock, past wave correlation and where it is trending at, an $8 price as a short could actually be reasonable if it pushed its momentum further.
Could WPM Pass that $45 Threshold -> To the Moon!First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few key insights. WPM had its 52 week high recently, is a relatively low cost gold stock compared to companies like RGLD, and is on track to potentially pass a $45 threshold which would be an all time high for the entire history of the stock symbol. It does seem to have a lot of potential at this moment.
AM: $5 Short + Upside Curve Bullish PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into some of my key points. AM looks like it has started to break its previous resistance curve and is currently on a bullish run. The demand curve should start going up for oil, so it may have a long potential as well, but right now overall I am calling a short target of at least passing the $5 threshold.