TS.US Probable increase

19.07.2017 / 17:38

Rating:

TS.US 19.07.2017

Our expectations: Middle-term uptrend, higher bottoms. Short-term downtrend. The price broke the resistance of the short-term trend, which shows us that the correction of the middle-term is over and we can look for a long position.

Alternative scenario: If the price goes back below the diagonal support the positive scenario will be dismissed.

Comments: Price action signal: The stock opened with down gap and closed it in the next 30 minutes, which makes the long more probable. The price is above SMA 200/50 - positive signal. The company gives dividends. Average price 34.35$, the current price is 32.55$. The analysts valuation is Hold/Buy. Sector: Industrial goods.

SL: 29.50$

Trader Bozhidar Arabadzhiev

Varchev Traders

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TS.US Probable increase

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