Ball Corp Stock Code BLL.NYS
Outlook
Price broke above the cloud in the previous trading session and changed the outlook of this stock from bearish to bullish. Price also broke above a recent high creating an Ichimoku V-shaped reversal with a V price projection target at $95.38. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment. MACD is bearish but MACD had warned of a divergence with price in recent past sessions, warning of a possible price bottom in the making. MACD recent bullish crossover is also a sign of a bullish price trend ahead. If price is able to stay above cloud, it could be heading towards the resistance at $94.10.
Strategy
$87.35 Buy
$94.10 Price Target
$84.90 Risk Management Stop
3 weeks Trade Duration
