Newell Brands Inc.
Panjang

Bull flag breakout and retest.

213
We are looking at quite a nice setup here. Bull flag breakout and retest. We are also sitting on previous double top resistance so if we can flip that to support we will be in a good place. From a fundamental aspect the Board of Directors have authorized a 375 million dollar buyback program and only trading at 15 x earnings.

Target 1 - 30
Target 2 - 40
Will look at closing at a loss if close below 0.5 fib @ 20.58

Penafian

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