Tremendous value will be exposed here over the next few years. The time to buy in when there is a sale, this is a discount sale. Why pay retail when you can pay wholesale. The tape will change soon. I start with a buy. Im just a technician so do your own discovery
I had alluded to the probable rally to the 13.50 measured move zone of heavy resistance. This has been accomplished. AGO now going through a retrace of move from 9.25 to 13.50, this can happen quickly and trap late novice bulls. AGO MUST break out above 14.25 to make a new configuration.
No serious sellers here, most bulls looking to buy on any weakness as this stock is so undervalued and stands alone in a very lucrative market. Most bears also do not realize the substantial infrastructure play lurking here
Ago appears destined to again test the 200 MA at around 13.50. We might get lucky to get a fibonacci pullback from there to add to bull positions. Longer term I have this going much higher
Ross has been buying all along and this shows he is really committed to this company, This last buy is very significant
It appears we hit resistance at around 13.50 as I have a long term down trending line coming in around there. We also encounter the 200 MA around there. The buying is of higher quality now so that dips are now a buying opportunity for bulls
ATVI is quietly building relative strength both against it's peer group and the general market. Accumulation readings are increasing and it should be accumulated on weakness
PFE has bottomed and is now ready to attack it's 50 day moving average. If successful, Traders should add to pilot positions taken last week on the technical buy signal and test of the lower end of the trading range. Additionally PFE is moving into the strong part of it's cycle and the secular bear market has now ended. The pipeline is renewed and cash flow will be used to buy back stock now. My first target is a takeout of the 50 day moving average.