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ASTON MARTIN - REVERSAL ZONE? LONG-TERM INVESTMENT OPPORTUNITYAston Martin has been on a steep and vigorous decline since its IPO. Could Aston Martin turn things around from here and start reversing from current prices? Aston Martin has recently announced involvement in F1 with Racing Point rebranded as Aston Martin. This could help in turning things around. Billionaire Lawrence Stroll has clear intentions to do so and has invested into the company with a £260mil injection. Toto Wolff, Mercedes F1 team-principal has also bought a stake in Aston Martin. This indicates a large force and urgency to turn the Aston Martin brand around, stabilise the business and clean the balance sheet. With the share price being significantly devalued and oversold and the falling wedge breakout, it could be an opportunity to invest long and short-term. Short-term in the sense that the stock is highly volatile meaning returns (and losses) are seen much quicker. However, as the business model and balance sheet, as of now, is very unappealing, unstable and risky, the clear down-trend might still be in play and the current equilibrium triangle pattern maybe a consolidation phase before breaking lower in continuation. 4 things can happen here: Equilibrium breakout upwards and a reversal Equilibrium breakout downwards and a continuation Equilibrium breakout downwards and a double bottom Delayed Range-bound consolidation sideways VERDICT: The trades/investments above should be played in accordance with your style and risk-tolerance since, given the volatility of this stock, there is high risk. Since the chart is in a clear down-trend, the balance sheet isn't yet appealing and macro-economic factors such as covid, bull calls are more risky than bear so do your own due diligence and manage risk appropriately.
LSE:AMLLong
by JayanVarsani
LYC Bullish move above 2020 highLYC broke it's bull flag patter at end of July and is now set to break it's 2020 high and then the chase is on for the 52 week high ($2.95) with the 1st profit target being the Fibonacci level of 0.786 which is a $2.73 share price. Recent supporting bullish activity on the chart is the golden 50 and 200 moving average cross occurring. Add to this that rare earths sector which LYC operate in is currently in flavour as well. My opinion is bullish on this with a 1st proft target of $2.73 before some consolidation and a run towards the 52 week. This is only my opinion and you should always do your own research before investing.
ASX:LYCLong
by gary_trades
AMAZON - correction before another jumpThere are currently no strong factors supporting the recent fall, so I suppose it is a correction after an amazing run in the last 2 weeks. The Fibonacci retracement from the last impulse point, as well as a powerful trend line may be factors for some nice earnings on July 23 To sum up everything, for me it is a STRONG BUY from 2900. It is a technical and a strong psychological level as well, with some fundamental factors that may help the price grow. Good luck and stay safe!
NASDAQ:AMZNLong
by Grevious
2
UBER chart analysisUBER did not have the best run since its market debut. Price was slowly declining after IPO and the current market cap is $56.91B. After hitting bottom in March, investors became interested in buying the cheap stock. Most investment funds and banks have price projections from $45 to $54 since then. UBER has also started to diversify its business, going for UBER EATs to compete with other delivery giants in the big pandemic market, where grocery shopping got heavily shifted to online ordering and delivery. Today company announced that it is in talks with investors regarding a stake in its Uber Freight division, according to Bloomberg that cited people with knowledge of the matter. Potential to raise $500 million in a funding round that would value the freight division around $4 billion after the deal, the report said. Nothing has been finalized yet, so the whole deal could change or be scrapped. But shows UBER’s commitment to diversify. And news moves the stocks. Let us look at 1-hour chart for a technical view. UBER IPO opened around $45 in May 2019 and since then the price has been in a steady wave decline, an a-b-c pattern that bottomed at $13.75 in March this year after the pandemic sell off. As the stocks of the world steadily climbed higher on unprecedented financial stimulus, UBER rode the wave along with everyone else, enjoying a massive surge in stock price. Elliott wave count shows a clear 1-2-3-4-5 pattern ahead. We had a sharp bounce on wave 1 as investors rushed in to buy the stock on the cheap and a sharp wave 2 correction, followed by a bullish channel in wave 3. So far, the price finished wave 4, retracing a perfect 61.8% of wave 3 and just touching the end of wave 1. It shows great respect to EW rules. We also see a formation of the inverse Head & Shoulders pattern here with RSI divergence. Today at the close of the US session, UBER was priced at $32.79, also right on the cross of the 50SMA and 200SMA. The right shoulder of the pattern, or a corrective wave 2 within a bigger wave 5, is also a 61.8% retracement. More confirmation of a bullish move here is on the break and close above $34.50 resistance, that also serves as the neckline for the inverse H&S pattern. 2nd confirmation is the bullish breakout of the yellow downtrend line from the high of the $47. Please support the idea and share your thoughts on UBER! Good Luck and Stay Healthy!
NYSE:UBER
by Antonio_trader
2