quite a solid and interesting technical rebound play, also analyst giving 50% upside for 1 yr target price $$$ *Disclaimer: This is just my view on the investment. It is not a recommendation for a buy or sell. and most importantly, I could be wrong!*
The first test is at $23.51 (50% Fibo retracement line). Second test at $29.08 (61.8% Fibo retracement line). Stoch RSI indicates overbought giving these retracements test more weight towards a downward trend. Also, OPEC's action could alter the impact of these TA, so keep eyes on the news too. I could be wrong
Volatile Market, but interesting bet.
Amid the unbelievable consecutive greenssssss on EBIX, I came to a decision to sell and take profit. I believe EBIX is still a good firm in long run. But for now, it's time for me to move on... "THIS IS THE WAY." (quoting The Mandalorian) Thank you EBIX, it's been helluride, till next time! <3
Fundamentally very interesting. First point goes to KKR acquiring 60/40 of COTY, Coty won't only get billions of dollars, but also a strategic partner. This is synergy. Second, Kylie Skin launching in Europe will build up great hype and sale among her 177M(Insta) and 30M+(twitter) fans. Especially during this time when states are reopening, teenage girls are going...
TA looking good. Interesting one, shaky Q2 due to the pandemic, but this is just the beginning of long term growth. For the record, EBIX has been enjoying double digits growth for the past few years. * Disclaimer: This is just my view on the investment. It is not a recommendation for a buy or sell. and most importantly, I could be wrong!*
I bought SPT at 13.2 and these are the reason why I'm still holding. Keep in mind that I could also be wrong. SPT is down to Today at -2.79% so is the S$P500 at -2.81%. SPT's technical analysis though has been looking solid: creating a divergence as u can see in the chart. The price has broken resistance line few days earlier at around $15. This is a plus....
I've received several DMs to make an update on my previous call on SPT...Here it is.... For the short term period, there could be a small bounce due to oversold momentum. But using 1-day interval, SPT is overbought and has downward momentum. It's probably going to come down to test the 38.2% FIbo support at around $22.23. imo SPT is a really good firm. Its next...
Jesus, we really can't fight the FED!!!???
In supplementing mah boy Sajal's bullish fundamental analysis on DHT, I did some TA just to confirm the uptrend. It's looking pretty good based on 2 things here: Fibonacci retracement and Stoch RSI. Fibonacci retracement shows bounce at 32.8% line (or $7.73), you can backtest to see the gain from previous bounces =$$$. Second, the Stoch RSI indicator is about to...