Tencent Music's fluky selloff was the result of Archegos Capital's reckless overleveraging. However, this selloff has created an interesting opportunity to buy off of weekly trendline, horizontal, and 50 day SMMA support. The fundamentals of TenCent remain unchanged and many Wall St. analysts maintain an average $25 price target despite the selloff. Revenue + Net...
UTZ is looking to acquire snack brands in the snack areas that they lack representation in order to take control of market share. Any pull back to recent ATH's will trigger a long term buy for me as UTZ is looking to scale up to the size of competitors such as PepsiCO.
(Google Search)
1. Utz Brands to acquire Truco Enterprises (On the Border Tortilla Chips)
2....
I am watching for this triangle to breakout/retest in either direction. I have more confidence towards the bull-side as the market indexes are also technically bullish.
