I'm playing for the move down to 1% or 0.50% and earning yield while I wait.
All kinds of government entities will be lining up against Juul Labs, lawsuits with big awards are coming and who knows what else as MO is in a downtrend with $35 as the next price target.
In the past three years, PLNT bulked up from $20 to $80 and now a major correction to the $50 area -- a 50% correction -- would not be a surprise.
Investors need to have patience, but this is a solid strategic move by the company.
Car sales are sliding in China and plummeting in India, which is putting pressure on automakers that sell in those markets.
Let's see if this recent dip was a non-event or the start of something else.
I like the risk-reward here for traders.
I'm been focusing more on stocks coming off their lows rather than breakout plays.
All of the index charts remain in short-term uptrends and above their 50 DMAs.
Let's visit with the charts and indicators to get another perspective.