Another resistance breakout and again in the Financial Sector with the same fundamentals (Raising interest rates)
Now we go to the technical aspects you can appreciate some weeks ago a clear resistance breakout with your respective pullback in the 25.00 area, accompanied by a red candle with a considerable bottom tail rejecting the new price level and testing the new support look the stock chart for a better idea.
but you also need to look the resistance level around 32.00 because here is where comes into consideration the Fundamental Analysis because if your objective is above the 32.00 area and your intention is to buy and hold for a long term investing this idea need approval of financials fundamentals and some economic knowledge
and this is your homework I only can provide good entry points based in technical analysis
Homework
www.thestreet.com/quote/AB.html
www.zacks.com/stock/...rage-recommendations
seekingalpha.com/art...s-top-10-stock-picks
Opinions are for educational purposes. I am not licensed to provide investment advice but I try than my opinions looks the more realistic way.
Now we go to the technical aspects you can appreciate some weeks ago a clear resistance breakout with your respective pullback in the 25.00 area, accompanied by a red candle with a considerable bottom tail rejecting the new price level and testing the new support look the stock chart for a better idea.
but you also need to look the resistance level around 32.00 because here is where comes into consideration the Fundamental Analysis because if your objective is above the 32.00 area and your intention is to buy and hold for a long term investing this idea need approval of financials fundamentals and some economic knowledge
and this is your homework I only can provide good entry points based in technical analysis
Homework
www.thestreet.com/quote/AB.html
www.zacks.com/stock/...rage-recommendations
seekingalpha.com/art...s-top-10-stock-picks
Opinions are for educational purposes. I am not licensed to provide investment advice but I try than my opinions looks the more realistic way.