AMC looks like it has finally bottomed. Between July 19 and August 5 it formed a bullish divergence with the RSI, warning of a bottom. The stock found support at $29 and bounced up with the 10 sma moving higher. Today the DI's have crossed into bullish zone, same with the RSI, all on good volume.
NSC stock just broke through the down trend line signalling the end to the intermediate correction, all indicators are go. Support for the stock is around $252.
From it's May bottom at $14.64 FUBO more than doubled to $35 before pulling back. This recent correction shows a Fibonacci retracement of about 50%, if this new bull continues the next target is $45 which would be almost a 50% advance. Today's close wasn't great so a minor pullback to fill the gap is possible. All indicators shown are bullish.
FUBO has 8 analysts covering the stock of which 6 have it rated as a "strong buy" with one year target ratings from $28-$60.
After Tuesdays close FuboTV Inc. (FUBO) came out with a quarterly loss of $0.38 per share
versus the Zacks Consensus Estimate of a loss of $0.54. This compares to
loss of $2.82 per share a year ago. These figures are adjusted for
non-recurring items. Is this a new trend for future earnings?
AFRM is looking like it has finally bottomed after a 60%+ fall from recent highs. Once it breaks the resistance at $70, the first stop will be $80 and then possibly new highs. All indicators: RSI, moving averages and DI's are bullish. A total of 9 analysts are following the stop of which 5 have it rated as a "strong buy", one year price targets are between $55-$102. Technically a good risk/reward ratio play.
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Everything that was discussed is educational and should not be viewed as financial advice.
Discussion was about stock chart patterns on penny stocks using technical analysis.
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