The equity is back at its IPO price range. There has been a new subsidiary established for the purpose of buying farms and similar real estate. 2021 yearly consolidated financials will be available in the upcoming weeks.
Critical support and resistance levels indicated in the graph for XU100.
The uptrend that has persisted since the corona lows is being tested, the sell-off is testing the trendline support. The sentiment in the market is slowly turning to the second wave sell-off rhetoric. Not investment advice.
3.13 could serve as a support, while 3.58 is a resistance up ahead. The channel in which the common stock trades does not provide an attractive risk/reward ratio for now. An optimistic bull case would be 3.97, purely from a technical basis.
The equity sold off considerable in recent weeks as shares are trading for 9.36 TRL as of today, 11.05 and 12.50 TRL are the next resistance points ahead, while the 8.02 TRL price level could serve as a support level for the equity.
OZBAL spiked considerably in the morning session today despite the selling that was seen all across the Bist index. 2.34 ahead is a critical price level that investors will be on the lookout for. If the common equity breaks above this resistance line that we have drawn from late February to now, there really isn't much to stop the equity to go back to pre-pandemic...
Breaking above 2.14 would imply a breakout to 2.20 to 2.36 on the upside. simple patterns are the best, without getting things too complex, we are relying on simplicity to guide us through the day. Manage your risk wisely, this is not investment advice.
A pennant has formed in the 15-minute chart. Banking overall has lagged the aggregate market and non-domestic ownership is low comparing historically. Not investment advice.
Daily outlook on ducommun, close to pre-pandemic price levels. Gaps ahead.
If the equity continues to trade above its 20-day moving average, then there ought to be a case for the upside. We are observing higher lows in the past few weeks and breaking above 14.33 TRL could push the equity higher. The moving average can serve as the stop for those contemplating the common equity. Views are of my own, does not constitute investment advice.
HALKB has broke out a pennant in the recent past the equity pushed up to 7.50 TRL before the pandemic hit, and now we are at an oversold point where our Fisher Transform indicator is giving us support for our upside conviction. Trading at around 5.40 TRL, the equity could push up to 6.00 TRL if a breakout is confirmed again in the second pennant that has formed.
Not a clear signal from Fisher, but uptrend dating back to .60 a share is still in process, the equity is near pre-pandemic price figures.
Fisher showing that a retracement is possible, while the equity has bullish momentum that is ongoing. A golden cross among moving averages confirms upside momentum in the interim.
Were keeping it simple and looking for reliable breakout patterns in AEFES. The takeaway here is that false breakouts happen as it did before for AEFES. I am long AEFES, this is my opinion, not investment advice. I am not responsible for your investment and trading decisions.
3.14 TRL could serve as a reversion point in the short-term as the common equity has overextended in recent weeks. A retracement back to 2.44 TRL could be viewed as a bear case in the next few weeks. Albeit, if KRGYO pushes above the resistance of 3.14, there isn't much to stop the bullish momentum that would push the equity to prior highs of 3.68 TRL.