Lecture on Three Stocks

1. Sher Company

• Breakout: Recently broke out from a triangle pattern.
  • Rebound: Intact since January 2024 low.
  • Bullish Signal: Last candle shows a bullish engulfing pattern.
• **Indicators: **
  • 30-Day SMA: Price above the 30-day Simple Moving Average.
  • RSI: Rising trend in Relative Strength Index.
• Price Targets:
  • 51.5 cents
  • Later 55.5 cents

2. D and O Green Technologies

• Support Level: Pullback found support around the 50-day SMA.
• Price Movement:
  • Strong comeback above descending wedge pattern.
  • Signifies bulls are gaining momentum.
• Validation:
  • Needed: Another white candle to confirm positive momentum.
  • Goal: Bring share price above the 30-day SMA.
• Future Movement: Expect higher levels in the coming days.

3. Coraza Integrated Technology

• Consolidation: Sideways to slightly downward for last few months.
• Support Level: 200-day SMA has been holding well since mid-May.
• Recent Development: Share price swung back above the 30-day SMA.
  • Indicator of a potential new uptrend cycle.
• Historical Movement:
  • Past up cycles did not stray much, higher volatility expected.
• Indicators:
  • RSI: Rising, reinforcing optimism.
• Risk Management: Suggested to keep stop levels at stipulated support to limit risk exposure.