Looking at a six month chart, it looks like a double bottom reversal (coming from someone who is learning more on the technical side). Looking into the fundamentals, it looks to me like this stock is about to pop. I'm curious what others think.
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Technicals and Fundamentals COG
Looking at a six month chart, it looks like a double bottom reversal (coming from someone who is learning more on the technical side). Looking into the fundamentals, it looks to me like this stock is about to pop. I'm curious what others think.
What fundamental (financial statements proving growth, decreased liabilities, etc) view gives the impression that it could pop soon? Or are you looking at the story and have wishful hopes that the story unfolds as you want it to?
Fundamentals/stories/news/rumors/CEO bullshit; although can be influential in investor/trader decision making; doesn't actually move the price. Only the buyers and sellers do. This is where chart reading comes in. The best way to practice basic technical analysis is to draw on the chart. Does it have a direction at the moment? Or is it stalled in a range?
I encourage you to draw what you see and post it here for critique.
On the weekly chart 41.5 was the major resistance but now it has made a lower high. It's still within the price channel though--still consolidating. Cheers.
