It doesn’t take a genius to figure out KO has been a good long term investment and will continue to be a good long term investment. They have been innovating for decades show no sign of stopping. If you are looking to trade the stock there may be an entry point soon. After plunging past support of $50 in an upward channel on 1/14 the stock found new support at...
I really like the way this chart is developing. After finding support at $35.83 it made a healthy move higher and should continue to move in this direction. They are airing a commercial during the Super Bowl which should increase site/app traffic and the company reports early March. The new and used car markets are still hot. With major autos like Ford and GM...
This stock was recently recommended to me by a friend and I decided to take a look at the chart. After failing to surpass resistance numerous times at $35 it fell through support at $30.80. It is now at another key support level of $26 and appears to be nicely priced based on 1/22 volume. I'm keeping this one on my radar for more buying signs and get in by...
$ENBL is on breakout watch as it looks to break significant resistance at $6.08
There are very few "no brainers" in the stock market but this one certainly deserves the label. The government is printing/spending money at a record rate and with democrats running the show there should be minimal resistance to legalizing marijuana at the federal level. Plain and simple, the government needs the tax revenue and people have been crying for a...
DraftKings has been on the decline as of late but I believe it is getting ready to reverse. Many are suggesting athletes receive the vaccine to influence public opinion in a favorable way. This is would be huge because if the vaccine works there will be less cancelations and more people getting back to "normal" life. My 2-3 week price targets are $48.50, $49.50,...
$T is breaking through resistance at $29.15 and entering a channel it’s kept most of the year. PTs of $29.69, $30.13 and $30.65. Today (12/3) Warner Bros. announced its 2021 movie distribution strategy which will consist of all 17 movies being in theaters and on HBO Max simultaneously. This should provide a nice spike in HBO Max subscriptions. Theater chain...
30k oh my! Today, 11/24, the Dow closed above 30k for the first time and bulls are raging. GLD has broken through a key support level of $174.76 and is back where it was on July 16 at $169.59. Look for resistance here as it approaches the $168.56 resistance target. If it continues falling the $164.95 - $158.09 channel can be played.