Showing next levels of resistance, there were 2 active gap trades up, one at $168, and one at $174. We would expect the price to hit one of those levels based on that theory alone. However, earnings releases have been catipulting the stock price up, and the momentum did not slow down until the Dividend date.
Payout of dividend, regular fears like Corona Virus and parabolic graph on weekly, lead to what should be a normal profit taking. Price could stop at either $174, (short term Fib level of 23.6% or $168, another short term Fib level but on a longer playing field. The price correction should lead to an influx of buying, as this stock is considered a Strong buy from almost every analyst on the market, and a price target of $200-$212 will be met.
Short term slide, but a speedy recovery.
Payout of dividend, regular fears like Corona Virus and parabolic graph on weekly, lead to what should be a normal profit taking. Price could stop at either $174, (short term Fib level of 23.6% or $168, another short term Fib level but on a longer playing field. The price correction should lead to an influx of buying, as this stock is considered a Strong buy from almost every analyst on the market, and a price target of $200-$212 will be met.
Short term slide, but a speedy recovery.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.