Hello friends, Welcome to our new post. Today we will going to share a stock which is already fallen 50% from their 52-Week high but recently started to shown some initial sign of recovery. guys believe me if you find stock which is about to reverse in advance, you can make huge amount of money by trading/investing onto them.
Today I will try to share 2 stocks where Stoploss is minimum and chances of going up is higher. Hope below stocks would move as I am asumming.
So without wasting your time I am here telling you name of both the stocks, Here first stock is Bank Of America and another one is Walt Disney Company. Below you can see Technical chart of both the stocks.
Bank Of America -
Here you can see Bank of america has a demand zone near $28.50-30 and currently stock is trading near the same level. And if you know the basic of candle formation then you can see that stock is started to make Bullish kind of candles near Support zone. So we can expect a good bounce from here.
CMP - 31.67
Best Buy - Near 30 level
SL - 28.50 (DCB)
Targets - Open
Best Buy - Near 30 level
SL - 28.50 (DCB)
Targets - Open
Walt Disney Company -
Here is the monthly chart of Walt disney company, Here you can see stock is falling very badly from many months but nothing can stop it to fall. But now we can see that Stock is trading near it's long term support area from where stocks never fallen below that from 2016.
Stock isn't started to make revarsal pattern on monthly chart but in daily chart candle started to make pause candle. I am considering this is as a first sign of reversal. If I am right here then we can see a good bounce in the stock.
Best Buy - near 90
SL - 88 (MCB)
Targets - 116, 130, 144
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