ANH has been trading in a rising parallel channel for a year now following the all time lows hit in March of 2020. The RSI is oversold and MACD is looking to cross shortly. If it bounces off the support level I think we could see a move up of 20% in the short term. The longer term picture suggests that the stock is still within a longer term descending parallel...
Shares of Alibaba (NYSE:BABA) have taken quite a knock over the last quarter - particularly due to political (TRUMP Dump) and regulatory concerns. This has seen the price come down by 30% at its worst. The share has however started showing positive signs of a recovery since late December and recently bounced off its 200MA which is a positive sign of support. ...
Shares of Phizer (NYSE:PFE) are pulling back nicely to the trendline going back to March of last year. The share is also touching its 200MA. Results are due on Tuesday next week so Im keeping a close eye on this one. If we get a bounce the share could be on its way back to previous highs reached in November 2018, given a potential return of 20% over the coming...
Shares of Colgate Palmolive (NYSE:CL) have pulled back strongly over the last month. Both MACD and RSI indicators reveal that the stock is reaching oversold levels. I have been watching the stock for a few days now and can forsee some buying opportunities in the coming days.
Yesterday the stock pulled down even closer to longer term support level. I would be...
Just over a year ago, Coca Cola was trading at an all time high of $60, but the price tanked by about 38% in a month following the onset of the Corona Virus. Since then, it has been increasing slowly and steadily in a rising channel and finally crossed its 200 MA yesterday. I think that as world starts to recover from the worst of the virus's effects, this...
Shares of Adobe (NYSE:ADBE) have pulled back nicely to the support level of a descending triangle. The share is also now within 3% of its 200MA. I will be keeping a close eye on the share in the coming days for a long term buying opportunity. This is a strong technology company with good prospects and prices are now at August 2020 levels.
Im looking at a price...
