Ball Corporation Stock Code BLL.NYS
Outlook
Price tested the lower edge of the cloud for two consecutive days but was unable to move above the cloud. Price had two red large candles which could be a sign of price reversing lower away from the cloud. Price is below the cloud with both Conversion and Base lines confirming the bearish trend with a bearish crossover. MACD has a bearish crossover below the zero line, confirming the bearish trend. Using Ichimoku N price projection, we can project the end point of this possible bearish move. The N price objective is at $62.65. Fibonacci 127% price projection is at $66.40 while 161.8% lies at $62.20.
Strategy
$71.20 Short Sell
$62.60 Price Target
$75.10 Risk Management Stop
3 weeks Trade Duration
United Technologies Corporation Stock Code UTX.NYS
Outlook
Price moved above the resistance at $138.34 yesterday, triggering a bullish breakout with a Ichimoku V price projection target of $147.85. The bullish trend was confirmed by a bullish crossover between the Conversion and Base lines a few days earlier, with price above the cloud currently. MACD is bullish with both the indicator’s lines above the zero line. MACD is also turning up with its histograms increasing in size. Price could be heading higher to the V projection target at $147.85 if it breaks above the current resistance level at $144.40
Strategy
$140.90 Buy
$147.85 Price Target
$136.40 Risk Management Stop
3 weeks Trade Duration
