The immediate reaction to the earnings yesterday afternoon was to sell, then the humans took over from the ALgos and the stock make a very bullish reversal, to eventually settle with a 5% gain.
Given the extremely high volume this sort of action can't be ignored.
It is advisable to wait for a break from the long term channel before entering a long position.
Within the next few months, indeed weeks , the world economy could stage somewhat of a comeback, Brexit possibly settled, China trade Truce, Central Bank stimulus and future interest rate cuts in the USA could extend the Bull market for several years.
P/E ratio 9.52
Short interest 6.77%
Average analysts price target $158.21 | Overweight
Given the extremely high volume this sort of action can't be ignored.
It is advisable to wait for a break from the long term channel before entering a long position.
Within the next few months, indeed weeks , the world economy could stage somewhat of a comeback, Brexit possibly settled, China trade Truce, Central Bank stimulus and future interest rate cuts in the USA could extend the Bull market for several years.
P/E ratio 9.52
Short interest 6.77%
Average analysts price target $158.21 | Overweight