In signs of economic progress, two indicators that stubbornly have refused to budge are rising.
Hindenburg Research alleges irregularities and overleveraging at the listed entities controlled by Adani Enterprises.
The diversified technology giant has been bearish for months and is likely to remain so after reducing its full-year revenue and profit forecasts.
These recently downgraded names are displaying both quantitative and technical deterioration.
The former signaled lower revenues for the year while the latter declared a healthy special dividend.
Let's review the charts and indicators.
The VanEck Morningstar Wide Moat ETF has held its own against the SPDR S&P 500 ETF and diversified giant Berkshire Hathaway.
The longer-term trend of DHR is bullish, but we first must deal with the sideways action.
Potential buyers of the diversified company's stock should wait for better technical conditions.
It's an unheard-of event in corporate Japan.