American Eagle oversold, and the accelaration in the stock is not justified (in my opinion). They are on the pace of gaining market share from VS and continue to grow. I believe pace of sell off was just too steep. Based on recent high frequency economic data and Jerome Powell's comments, consumer spending is solid and US retail sales are good, I believe close to...
Altagas started to rebound after massive dump, on a weekly chart management and the firms restated objectives and debt repayment plans have started to regain investor confidence, as it can be evidenced from the price movement, over the past several weeks. It is clear that down trend is finally over and continued climb up in price seems that it is not a dead cat...
It failed to breach 33.30 mark despite repeated attempts. I believe there will be a short term down move to retest 32.30 level before any bounce back. If breach occurs I would expect a further downside towards 32.10 and below.
On a hourly basis, selling pressure accelarated and exceeded the regular sell of pace. Rather than technical analysis only, I also did my own fair value analysis for the stock, and at this point, there is a strong underlying value which may support the price at these levels. On given the price in june and today there is a formation of double bottom and given the...
I believe, the FM rallied more than it had to. On 30 min time frame I think elliot wave is (upward move part) is completed right now, I expect to see a consolidation so it can continue to its run. I believe valuations are there but here is still global macroeconomic uncertainty, this weakness might be some profit taking or trimming of some of the position before...
TX, Ternium S.A. Steel company. I believe a short term bounce is imminent given the strong balance sheet and income statement. On top this company pays good dividend, which would make it highly lucrative for longterm and income oriented investors. However, TX is not as liquid relative to other big mining companies, thus sharp price movements occur frequently. I...
