- Share to Facebook
- Share to Twitter
- Share to Linkedin
The post-OPEX week is typically flat in July. And the coming week has seasonally been down. However, the intermediate to longer term indications are still strong. The net result is likely to be high volatility and unchanged indices by next Friday’s close.
Here are buy recommendations for this week. The daily price cycle of Blackrock turned up on the 20th and tops on August 11th. In the last twelve months, all eleven signals have been profitable. Technically, daily momentum has been gained momentum and relative strength and absolute price have reached new highs. The shares are likely to rise closer to the $600 area or higher.
Second Stimulus Checks? U.S. Jobless Claims And Retail Sales Explain The Need For Another Stimulus Round
100 Republicans And Democrats Send Letter To IRS Asking For Fix To Stimulus Payment Problems
Stock Market Rises As Trump’s Prospects Fall
Chart 3 shows that the short-term cycle for Qualcomm has bottomed. The stock is likely to rise in the coming week. Relative strength bottomed in March. The shares are due to rally back to the $93.5 high or better.
Follow me on Twitter. Check out my website.