AMZN Recently broke off the bottom support of channel at $1735. Expect to see a return to upper bounds of the channel over the next few weeks leading into holiday shopping.
Entry Price $1750
Target Price $1825
Stop Loss $1735
Looking for Delta to continue downtrend into earnings with public perception of recessionary projections, reducing business and leisure travel over the holiday season.
Price Targets:
- 1 month: $50
- 3 months: $53
- 12 months: $60
WMT has proven logarithmic action and recently touched the support side of the logarithmic channel. Looking for an exponential move upwards over the next 1-2 years with the revenue growth from the newly adopted health care/clinics. Price target of 165.00 by JAN2021. Hold long and prosper.
Technical analysis shows the end of a falling wedge followed with the breakout today to the upside. Looking for NFLX to return to previous resistance levels of 335 over the next few weeks before next break down to upward trend line at 280 and second target to previous support level at 230.
LULU is currently sitting on a bubble from their last earnings call, citing positive cash flow from growth in China. If negative guidance is seen, look for price to return to 150 Level to fill in the 150-170 gap.
