Eastman Kodak (KODK): Technical Strength Suggests UpsideEastman Kodak Company (KODK) is a well-known name in imaging and printing technology, but today it has expanded into commercial printing, advanced materials, and software solutions. While it’s best recognized for its history in photography, Kodak now focuses on digital printing, packaging, and even chemicals used in electronics and pharmaceuticals. The company’s growth is driven by innovation in these new markets and strategic partnerships that keep it competitive.
KODK’s chart recently showed a confirmation bar with higher volume, pushing the stock into the momentum zone. This points to increased investor interest and the possibility of continued upside. To manage risk effectively, traders can set a trailing stop at the Fibonacci 0.236 level using the Fibonacci snap tool, ensuring they stay in the trend while securing profits.
KODK trade ideas
KODK Eastman Kodak Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of KODK Eastman Kodak Company prior to the earnings report this week,
I would consider purchasing the 5usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $0.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
KODK Kodiak long trade from a retracement( Industrial Penny)KODK is the old chemical industrial company that focused on camera film and printing for
decades now a bit or diversified in what it does. Share price is a fraction of what it once
was. KODK had a news catalyst that it was trying to clean up financial issues with its pension
plan which had $ 6 Billion in assets. That may be a good thing but investors through otherwise
and price put in a 20% retracement over a few days. I expect this to rebound and earnings
are about ten days away. The P/E ratio is about 10. While this is a risky penny stock,
I see the potential in a recovery of the 20% of market cap in the pre-earnings period.
Accordingly, I will take a long trade of stock shares and a put option to hedge those
shares against a downturn.
A Further 25% Loss or a 20% Gain for KODK the Week Ahead?Following a severe bearish trend since mid-November that resulted in a 40% loss, Kodak share (KODK) is currently traded within a horizontal channel. Furthermore, KODK share is traded below the short and long term EMAs.
If KODK share breaks below the previous channel, as indicated by the Fibonacci circle and Fibonacci extensions, the red colored area between 2.48-2.22 could be a feasible target in the following days.
A break up above the channel, on the other hand, suggests that the three-bottoms pattern is still intact, and the 3.44-3.77 levels are the next targets.
KODK | A Great Trading Opp | LONGEastman Kodak Company provides hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through Traditional Printing, Digital Printing, Advanced Materials and Chemicals, and Brand. The Traditional Printing segment offers digital offset plate and computer-to-plate imaging solutions to commercial industries, including commercial print, direct mail, book publishing, newspapers and magazines, and packaging. The Digital Printing segment provides electrophotographic printing solutions, such as The ASCEND and NEXFINITY printers; prosper products, including the PROSPER 6000 Press, PROSPER Writing Systems, PROSPER press systems, and PROSPER components; versamark products; and PRINERGY workflow production software. The Advanced Materials and Chemicals segment engages in industrial film and chemicals, motion picture, and advanced materials and functional printing businesses. This segment also comprises the Kodak Research Laboratories, which conducts research, develops new product or new business opportunities, and files patent applications for its inventions and innovations, as well as manages licensing of its intellectual property to third parties. The Brand segment engages in the licensing of Kodak brand to third parties. The company engages in the operation of Eastman Business Park, a technology center and industrial complex. It sells its products and services through direct sales, third party resellers, dealers, channel partners, and distributors. Eastman Kodak Company was founded in 1880 and is headquartered in Rochester, New York.
KODK Share Loses All of Its October Gains After Earnings ReleaseKodak's share price recorded a very sharp bearish breakout after the earnings announcement, breaking bellow the short- and long-term moving averages at the same time in a very negative sign. This follows a series of gains for KODK share since mid-October. On the other hand, the KODK share price is receiving support from the levels of $4.29-4.41 (the shaded area in yellow).
Now, on the daily chart, if the KODK share price fails to stabilize above the previous price range 4.29-4.41, we may witness further deterioration towards the support level 4.07 or below.
On the other hand, restoring the KODK share price to the level of 4.74 and stabilizing above it, may allow a return towards the level of 5.13 or even the level of $5.79 in the coming weeks.
$KODK Long term PT 120 and higherKodak entering the EV battery market; insiders betting big
History
Kodak is one of those ancient companies that literally goes back to the days of Thomas Edison. It was founded by George Eastman and Henry Strong in 1892, and eventually became a near monopoly in the photographic film industry. They adopted the razor-and-blades/printer-and-ink business model. They’d sell a camera for a relatively low price, then make their money selling the film. For almost a hundred years they made serious tendies doing it.
Then digital cameras became a thing, spelling Kodak’s imminent demise. Ironically, Kodak was actually the first to develop a digital camera, but the smooth brain executives pushed back against it. The rest was history. Kodak sales declined year over year, ultimately sending the company into bankruptcy in 2012.
Bankruptcies are always messy, but Kodak was actually able to navigate it pretty well. It certainly helped that they owned all kinds of random assets that they were able to sell off in partial fulfillment of debtors’ claims. What kind of assets? Well, obviously they had some IP, and a lot of it had nothing to do with their core competencies, so that was easy to sell, and that sale in fact brought in over $500 million. They also owned a coal-fired power plant, a lease on a Times Square billboard, and all other kinds of random crap they were able to sell off. All told, they were able to exit bankruptcy relatively unscathed. Following the bankruptcy, Kodak tried to rebrand itself for the modern era. For example, in 2017, they developed a smartphone , which was obviously a total failure. It became time for them to move on.
After replacing most of the executive leadership in 2019, Kodak pivoted their focus to what they know best: photography-related businesses (film and printing), and chemicals (an industry that goes hand-in-hand with the film business). Now, although Kodak still sells its old-fashioned film to consumers, it is now primarily a business-to-business company, with two main divisions: commercial printing and advanced materials and chemicals.
^ Kodak will be using the $765 million to begin producing components for generic drugs—specifically, active pharmaceutical ingredients (APIs), the chemicals that make a drug work.
They manufacture the 4 major components for all pharmaceutical drugs...
KODK popped 3 other times off the same exact AlgoKeyCode....KODK has one of the most unique price actions I have seen where it repeats this falling wedge and jumps back up to the top of its pattern which in most cases is about double. This happens almost every two months on the nose....so why not one more time. We have the falling wedge. There is a break out. There is also support found already after the break out. Now we need to see if there is a draw back to the base before launching or the stop midway and take off from there. I noticed when looking at the other breakouts, that the ones that looked like the trend line was falling down it would go to the bottom of the wedges low before bouncing out. However, the ones that looked like its trend line was moving up going out of the key code, they stopped midway and took off from there. Which is where we are right now with an ascending trend line.
by iCantw84it
07.26.2021
$KODK Bear TrappedLooking to fill the 7-6 gap up shorts are vulnerable to a gamma squeeze… A gamma squeeze occurs when market makers are hit with a imbalance of puts v calls and then very quickly call orders come in causing market makers to cover Delta in short order..: the momentum begins and inertia follows… this is one that people have come back to y/y… look for this to happen when the market finds support around 4250+ then quickly load up on calls..: these are tough to pull off so I would look to coordinate @ 10:45
KODKGorgeous runner almost seeming to run in sympathy to some of the meme names. A lot of resistance in the 13-14 area, but this is another example of where I could see a Day 2 move being choppy under that area. Over there and obviously we have a clean breakout. This is one where I would prefer for it to be an afternoon play after consolidating for the day. I just think that will give it the best chance for a breakout that is meaningful.