Year: 2015

ELD, Eldorado

Hamilton

In our blog of June 6th, 2011, we established a reasonable target for this stock at about $5. Earlier we had a lower target and subsequently we suggested a target below $6 but above $4. (see all those blogs). We seem to have reached that target over the last few days, here are the charts;

eld feb 20 2015 beld feb 20 2015 s

Our best bet now is that the stock came down in a double zig-zag, that is an a-b-c X a-b-c where equality would have occurred at about $4. The low so far was at $5.45 after going nowhere for almost two years. It is still possible that the stock would go lower but this company recently reported improved results, a rare event in this business, so the risk of waiting might be greater than buying here. Otherwise, by all means wait for $4 and if it does get there buy it then.

BBD.B Bombardier update

Hamilton

bbd.b feb 20 2015 lBBD.B feb 20 2015 m

We are not entirely sure what to make of the Bigchart. We are sitting right on the the 25-year support line and are now trading below $2.50 as per the previous blog. Furthermore, the last drop from $4.35 is a decidedly clear 5-waves and the RSI is oversold. For the political reasons mentioned this should be a buy at these levels.

SNE, Sony ADR’s update

Hamilton

The usual , then – Aug. 24, 2012 – and now charts;

sne aug 2012sne feb 18 2015

Today’s headline reads as follows;

Sony sees 25-fold profit jump by 2018; could exit TVs, phones

 

We would sell, here at $27 (if you still own it) for a handsome profit or, alternatively wait for the a-b-c counter-trend rally to hit the ideal spot, somewhere around $29, see below;

sne feb 17 2015 s

Do use stops as both RSI and MACD warn of the possibility of a turn any moment. By the way, HPQ the other stock suggested in the Aug 24 blog is up by slightly  more, from $12.50 to $38