Trading signal for technical traders: great day !On top of the extremely cheap trading price of the stock vs his intrinsec value (see Gabs analysis) and on top of a great story (Western world governments are going to invest big time on projects), we are close to get many trading signal for technical traders.
- at $22.09, SNC closed above the 50DMA (today & last 2 days)
- Next step: the 100DMA @ $22.50 (that we barely touched today @ $22.49)
- on his way to the other key trend indicator 200DMA $23.39
In a short period of time the stock can do 3 breakout. This should trigger more purchase.
We don't control all variables (COVID, Trump, etc), but those we have visibilty are great. TIME TO BUY !