CBI, IMAX, M & TEVA
Let's peek at the charts for 4 random companies. These 4 companies were requested by a Trendy Stock Charts member several months back. The member requested a review of the charts for what he called "4 stinkers". My outlooks for those companies was mixed. The ticker symbols for the companies are CBI, IMAX, M & TEVA. Here is a quick link to the previous article for reference:
The August 14 article was previously a member-only article. I've opened up the article for general public viewing. So go ahead, take a read and see how I approach and break down stock charts for companies I've never looked at before.
Chicago Bridge & Iron - CBI
Chicago Bridge & Iron (CBI) was in a downtrend at the time of the previous writing. I suggested monitoring it closer if its share price broke below the $10 price level. CBI's share price was at the $11.80 at the time of the previous article. It's share price ended up reaching a low of $9.55 in August 2017, shortly after my previous article.
This is a 5 year monthly candlestick chart for CBI.
With longer-term buying momentum on its side according to the MACD Histogram on the above chart, combined with a couple of nice buying volume spikes, CBI looks poised to continue its rebound towards the….
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I review specific price targets for the probable continued rebounds for each stock.
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