T. Rowe Finds Support on the Yearly Base Line
Just an observation: T. Rowe (TROW) appears to have found support on the yearly base line (red line) of the Ichimoku Cloud. Which has proven to be a bottom in past years (2020). I believe that price will try to recover to at least the conversion line (blue line) 140s by the close of the year (if not much sooner). This will also bring the price back above the 5-year moving average. Caution though: the yearly oscillators are indeterminate and it is very possible that the price could drop back down and try to test the 10-year moving average ($100) before the close of the year. Does anyone have strong thoughts about TROW?
Not financial advice.
Not financial advice.
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