CenturyLink - PT $26 Next year $36 - Strong buyWe think that CenturyLink is undervalued.
CenturyLink (NYSE:CTL): Q2 Non-GAAP EPS of $0.42 beats by $0.10; GAAP EPS of $0.35 beats by $0.07.
Revenue of $5.19B (-3.5% Y/Y) beats by $50M.
Q2 adjusted EBITDA of $2.1B vs. a consensus of $2.18B.
CenturyLink Reports Second Quarter 2020 Results
seekingalpha.com
The Revenue was actually pretty good, when you compare it to other companies where the revenue dropped more than 60%.
First price target: $26
Second price target: $36
Ctl
CenturyLink, Inc. (CTL) long.All description on the chart.
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CTL - DAILY CHARTHi, today we are going to talk about CTL
We observe a D1, some important points. The details are highlighted above.
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CTL weekly swing low failure and bullish divergence.CTL has formed a weekly swing low failure and has also formed weekly bullish divergence. These are generally strong indications of a reversal, More so since they are showing on a weekly time frame.
Moving average guide (All Weekly for this post):
50 weekly moving average in Green.
100 weekly moving average in Yellow.
200 weekly moving average in Red.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
CTL has broken the long term correctionCTL has broken the long term correction. More downside expected for this one.
CenturyLink Bull TrendWyckoff Analysis
Trading Range breached by bulls/CO.
Look for next pullback and bullish bar for entry, or enter now.
Wyckoff Analysis CTLWyckoff Analytics
Trading Range broken by CO.
Look for next pullback and bullish bar for entry, or enter now.
Long on a Pullback to a Demand ZoneAs prices approach supply zones, they will most likely be pushed back into demand zones, where it will be a high probability long trade. Weekly and daily trend being up helps.
GBPUSD DailyLooks like price is making another potential flag pattern, & I will be watching for a break & retest of the counter trendline for price to potentially see new highs soon..
EURNZD 4HPrice made a strong bounce off its daily ascending trendline, & price was showing a lot of pressure to support, showing that a strong move was to come. Now since price broke the counter trendline & is breaking back above resistance now, I will wait for a 4 hour candle close above this zone & a retest to the 61.8 fib level is where I will look to set my entry..
Trade with care! : )
DXY DailyPotential double bottom here to monthly support, which price could see a potential reversal. A break of that counter trendline may start a new trend
EURJPY 4HWatching for a breakout of the Ctl & resistance for potential longs. Price showing a bullish reaction at 132.000 weekly support, moving away violently & failed to break daily support 133.100 on the daily 5 times now. I can see this pair potentially reversing back to the upside
GBPNZD 4HTrendline breakout, pound news shortly I will look to potentially enter on the retest of broken support, or on the break of support..
AUDUSD 2HCounter trendline breakout, plus bullish engulfing break of resistance. Good chance here to go long on the pullback before a continuation to the downtrend
GBPJPY 2HRejection wicks to daily support, watching for a break of the counter trendline for potential longs
EURNZD 4HBreakdown of this pair, will be watching for a break of the CTL for shorts down to the channel bottom, or a rejection from where price is currently at to continue higher.. NZD news this afternoon so this will be the catalyst if we get a further pullback or push to the top of the channel
EURCHF 4HLooks like price made a double bottom to daily support, now watching for a break of the counter trendline as confirmation for potential longs..
