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Showing posts from October 16, 2023

LABD Stock Analysis: Navigating Bullish Trends and Investment Opportunities.

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  The weekly trend of LABD entered the Bullish zone 15 weeks ago and has been ongoing since. During this period, it has shown a combination of upward and corrective trends, resulting in a cumulative gain of 56.1%. The stock has demonstrated a strong positive momentum within the Bullish zone. What's particularly encouraging is the anticipation of continued upward movement. Recently, there has been a slight weakening in buying pressure during the ongoing upward trend, indicating a corrective phase for the past 2 weeks. However, starting this week, there is a resurgence in buying strength, suggesting the beginning of another upward trend. This pattern is expected to persist for the next 3 weeks before a corrective phase, followed by another upward trend. The anticipated future gain is around 55%, but this projection might be adjusted based on the evolving trend. The correlation with the US market is low at 32%, indicating that LABD moves inversely with the market 68% of the time. This

BAC Weekly Trend Analysis: Insights into Market Challenges and Potential Downtrends.

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  The weekly trend of BAC has been in the Bearish zone for 7 consecutive weeks.  In this zone, there's a strong downward trend with weakening selling pressure and occasional uptrends marked by stronger buying momentum.  Due to these dynamics, the stock price fluctuates downward, pauses during uptrends, or temporarily rises. If it fails to enter the Bullish zone, the trend reverts to a significant downtrend, with increased selling pressure.  Currently, BAC's weekly trend has shifted to a short-term uptrend this week, expected to last for about 2 weeks, but without entering the Bullish zone. Thus, a return to the downtrend is likely in 2-3 weeks, mirroring the broader 75% similarity with the US market. Any upcoming short-term highs are precarious, possibly followed by a sharp decline 1-2 weeks later. Oct 09, 2023 ◆ Closed price 26.76 2.65%     ◆ Appropriate Investment Position: Bearish-Sell [Long-term strategy] ◆ This week's stock price Buy-Sell intensity analysis The curre

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