Ball Corporation (BLL)
Today’s Chart of the Week is a classic example of one of trading’s most classic patterns.
We’re looking at Ball Corporation (BLL).
This stock is ready to soar thanks to a perfect setup.
You probably notice the classic “Kilroy” graffiti on here, which was huge back in the days of WWII.
For technical analysts, we see Kilroy and we think head and shoulders.
Or rather, inverse head and shoulders.
And this chart is a perfect example of an inverse head and shoulders.
It’s one of the most well known and proven patterns in technical analysis, and it makes BLL a tantalizing trade this week.
✅ Perfect continuation pattern
✅ Positive momentum
✅ Great relative strength
✅ Phenomenal risk to reward ratio!
With all that stacked in our favor, we are LONG in Ball Corp. above $81.
If it’s not above $81, we’re not touching it.
But above $81, we are long with a target of $112 — almost a 50% target.
This one looks great on all fronts.
5 Stocks to make up the PERFECT 2020 gold portfolio
This report is a primer to today’s evolving gold investment environment. Not only does it cover some of the basics like how to hedge your wealth safely with gold… but it also breaks down industry trends sector by sector… and pinpoints several high-quality growth stocks along the way.