Starting with horizontal lines. Resistance becomes support once punched through. Support become resistance once broken through.
Looks bullish, if sustained likely $100. If can't find buyers then $60?
This electricity utility had a large tumble, but is it time to turn up? Pay a dividend.
Monthly chart, must have patience, but pays dividend while waiting for good R:R to pay off.
Dividend coverage is 94% with a 6.7% div yield Rev great than $2B with EBITD greater than 60% with return on sales at 61% Yields 11 on earnings. Upside potential to resistance levels as targets, if the one breaks then target the next. First target $14, then $16 then $18 then $22. Downside support is around $12 then just above $8.80 and below $6 to $4.
I think the likely direction is to the up side. Colour coded scenarios. Green Arrows Up. Purple Arrow neutral. Red Arrow down. Long term, monitor for levels.
Last summer I was learning about Stock Screeners and was playing around with the tool. I had inputted some very difficult ranges for several evaluation categories. I followed the stock for a little while and then gave up, only now following up. Missed Opportunity as it was a strick set of criteria (almost impossible) I had inputted into the screener. I...
I want to believe this stock can run to $0.50 but breaking $0.30 is a challenge. The pattern was looking bullish but it has stalled. Is the $0.25 former resistance now being tested as support? If it holds it needs to break $0.35 with volume, if it does $0.50 even $0.75 is realistic. If the resistance turn support cannot hold then the next area of support is...
Reading the charts for price action, can it be this simple? Take trades at one level with stops on the other side and target to the opposite level.
The fundamentals suggest TSM is ready for a rally back up to $20 or greater. Twice open Gapped down the recent one (like the first) rallied and closed up for the week which was a smaller rally than the first. Rally was to 21 daily ema. Retesting bottom, will it hold or drop lower to previous resistance now potentially support at around $15. If it gets...
If APPL can break below the $500 level will it then fall to $400? Setting higher lows and corresponding new lower lows. A free fall to $400 as their is no structure between $500 to $400. However, price is currently at the .618 retracement level from the long up run... will it retrace 100% or will it hold? For it to hold it will need to produce new short term...
Waiting for price action to give the next clue of where price will go--up or down? Currently conjested after this mornings pullback. Looks to me like a pullback more than a reversal. Will not be a reversal until trend line is broken and or the inset blue line (starting at the red circle) violated with a close below it. Will this once resistance level now...