Strong trend, good fundamentals and ready for another trend push. “Palomar Holdings, Inc. is a specialty insurance company engaged in providing property and casualty insurance products to individuals and businesses.” Held steady during the recent turmoil and is already rising pre-market with the market.
After almost three months of correction and consolidation, the share price is fighting its way back up and trying to turn the corner out of the Bopden formation. Pre-market prices are already above the last interim high. A supposed cup is forming, inviting investors to follow the trend of the next upswing.
Netflix is in an intact upward trend and experienced a clear trend push towards an all-time high after the latest earnings. The previous correction appears to be over: Higher highs and a clear trend reversal out of the correction were already evident in after-hours trading. The downward trend channel has been exited and the last correction highs have been...
The share is still in an intact upward trend and has experienced a setback after again knocking on the all-time high (ATH). This setback from the ATH took place with high momentum and led to a clean pullback. However, there has been renewed weakness since then. On the daily chart, there was a return to the area of the previous bottom formation; at the same time,...
After a long downtrend, the commercials are already net long again, which implies a rising price. After a seemingly final shakeout, the price could make a recovery and higher low and now an inverse shoulder-head-shoulder trend reversal formation. Target would be around 72 USc.
Valuations looking fine okay. Nothing exaggerated and quarter-on-quarter growth rates are good. Earnings growth has weakened in recent quarters, but remains strong in the big picture (YoY). Keep an eye on it. Broke out of the cup formation into the trend continuation after the recent earnings. Price and volume still cast doubt on the sustainability of the...