Usstocks
$PEAK with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PEAK after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 85.71%.
US Stocks are about to EXPLODE higher. Here we goThe reflation trade in the US stock market (Wave-5) is about to explode above the GREEN resistance line.
Far too many people continue to believe the US markets will collapse on some Fed/Economic crisis event. What they don't understand is the US is in a different position right now.
Yes, deflation trends may continue for REAL ASSETS (homes, cars, commodities, others), but as long as the US economy continues to tick along (employment, wages, consumers), billions of dollars every month flow into IRAs, 401Ks, and other investment assets.
This is what I call the "economic bias" related to money flow and US dollar depreciation. Over time, the natural process of the US/global economy is to GROW - not CONTRACT.
Therefore, we need to be prepared for a reflation trade (similar to 2003-05 when the US markets move upward after the 9/11 event).
Follow my research.
Microsoft bottomed out?Microsoft - Medium Term - We look to Buy at 252.55 (stop at 236.92)
Price action looks to be forming a bottom. A bullish reverse Head and Shoulders has formed. Neckline comes in at 256.15. We have a Gap open at 252.54 from 12/12/2022 to 13/12/2023. Further upside is expected although we prefer to set longs at our bespoke support levels at 252.55, resulting in improved risk/reward.
Our profit targets will be 298.90 and 310
Resistance: 263.92 / 266.65 / 267.45
Support: 252.55 / 242.21 / 238.21
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