DIRECTV : Running out of steam as opportunity
Entry price | Target | Stop-loss | Potential |
---|
US$85.63 |
US$1 |
US$84 |
-98.83% |
---|
DIRECTV could regain its upward trend after having run out of steam.
The current price show a +8.8% to meet the consensus’ average price target. The net income should increase of about 10%.
Technically, the share is evolving in a tunnel near its USD 85.58 short term support. The stock is now far under from its moving averages. Therefore, investors can take a long position at current prices, and expect a rebound toward a first target, the USD 88.95 short term resistance. Moreover, on weekly data, we can see that the stock has well tested its USD 88.60 long term resistance. Its breakout would trigger a “catapult effect” which could lead to new peaks.
A stop loss will be set at USD 84.
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