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Ball Corp with the possibility of long positions with the trend

Rating:

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Timeframe: D

Trading Idea: Long with trend at current levels, SL@59.35

Technical comment: The previous correction is over, keeping the price in the upward trend. We have a resold demarcator already inverted, a test of 38.2 Fibo and a 200 period moving average, as well as the formation of a potential double bottom trend itself.

Fundamental comment: The company is lagging behind the main benchmark. The reports would be weaker than expected, but the estimates and prospects remain positive. The company will open a new aluminum cap plant in Georgia. BlackRock - the largest fund in the world is also relying on the company in its new strategy aimed at the so-called. circular economy. Despite the bad reports earlier, the company is still developing and attracting investors' interest.

Alternative: Despite the good prospects, sellers retain control of the price and manage to disrupt the integrity of the uptrend. In this case, our bullish scenario will collapse.


 Trader Martin Nikolov

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