Telefonica seems to have position for another wave breakout or some sort of bullish run. Again, don't take what I say seriously or at face value (as always), this is an opinion basis. That being said, let us get into my analysis. Looking at a long position target, you could see the 4.88 target range as feasible going into the upcoming years, or some sort of +15% growth potential as a conservative estimate. Some targets are even looking into the post $6 to $7 range quite soon, and it does look like it already passed most of its bottoming up period. The market capitalization of Telefonica is also huge, and that isn't really easy to all go away. Points like this, should make it a good stock pick. However, the problem lies on the fact that it is very high risk at the moment given its past negative correlations performance and how investors may react.
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Also ->
Reach out: linkedin.com/in/gamer456148
For Consulting: aiquant.co
HedgePocket Beta: hedgepocket.com
Sovereign Trades Beta Signup: sovereign-trades.com
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Follow me on Tradingview :)
Also ->
Reach out: linkedin.com/in/gamer456148
For Consulting: aiquant.co
HedgePocket Beta: hedgepocket.com
Sovereign Trades Beta Signup: sovereign-trades.com
Also ->
Reach out: linkedin.com/in/gamer456148
For Consulting: aiquant.co
HedgePocket Beta: hedgepocket.com
Sovereign Trades Beta Signup: sovereign-trades.com
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.