$ITV - Continuation swing with +10% to +40% upsideTechnical Analysis
Price bottomed out 3 weeks ago and the RSI + William %R
Price broke out the daily channel last week and has been consolidating above the 1D 50EMA. There is a good zone to buy before a further push above 76 and potentially 90
Price Target
Entry: 71-73
Target 1: 76 (+5%)
Target 2: 88 (+20%)
Analyst Targets: 101 (+40%
Financial Metrics
High quality as shown by the financial metrics. Undervalued with high upside/growth potential.
ITV trade ideas
ITV: I want to Break Free!I want to break free... Of this downrend!
Is the sell off over? Will the dividend announcement send the price back up?
ITV is undervalued, but it's hit the top bound in a multi- year sell off, what will happen next week? (News isn't good, inflation, Ukraine etc).
I bought in at £1.12, it stands at £1.23, and my stop loss is at £1.15!
We could see any one of the three scenarios take place! I'm poised for the good one! But be ready to get out!
ITV - (possibly?) broken out of 4 year old downtrendThe stock has been in the downtrend for the last 4 years.
Since mid August 2019, the price has been moving up and so far has gained ~50%. It has broken out of the downtrend mid October 2019, retested the area multiple times and has continued rallying upwards (there is no decline in volume either). The moving averages are still facing downward on Weekly, but have now turned up on a Daily.
Buy off a pullback and confirmation from support zone / bottom uptrend channel line and use a tight (is that the right choice here?) SL.
Watch price action at ~£1.51 and ~£1.57 and consider taking some profits.
The above is purely from looking at the chart with no idea about fundamentals. Should possibly have a look.. ;)
ITV - Pending order - Long @ 269ITV oversold.
Rejection from 50MA with slightly below average volume.
If trade is not activated by the end of trading day cancel pending order.
Target of 279 - previous high from end of December.