LUMN returned to the key accumulation zone near 6.63 and held above this support. The retest created a potential reversal structure on the daily chart. Divergence and increasing volume confirm the presence of demand. A breakout above 7.65 will confirm the beginning of an impulse toward 11.95 and later toward the extension area near 17.27.
Lumen Technologies is a major provider of telecommunications and cloud services with a wide data center network. The company serves corporate clients and government institutions with a focus on network infrastructure cyber security and data transmission.
Fundamental picture as of November 23
Lumen maintains stable cash flow and continues to reduce its debt burden. Management improved its profit outlook. Network modernization reduces operational expenses and gradually increases margins. Corporate demand remains stable which supports long term recovery. Revenue growth remains moderate and is still affected by competition and legacy contracts.
Technical view
As long as the price stays above the zone near 6.30 the accumulation structure remains valid. A confirmed breakout above 7.65 will open the path toward 11.95 while a move above that level will allow development toward 17.27. The bullish scenario remains valid while price stays above demand.
Market mood
LUMN looks like the speaker who stayed silent for a long time then suddenly raised a hand. Now the audience listens.
Lumen Technologies is a major provider of telecommunications and cloud services with a wide data center network. The company serves corporate clients and government institutions with a focus on network infrastructure cyber security and data transmission.
Fundamental picture as of November 23
Lumen maintains stable cash flow and continues to reduce its debt burden. Management improved its profit outlook. Network modernization reduces operational expenses and gradually increases margins. Corporate demand remains stable which supports long term recovery. Revenue growth remains moderate and is still affected by competition and legacy contracts.
Technical view
As long as the price stays above the zone near 6.30 the accumulation structure remains valid. A confirmed breakout above 7.65 will open the path toward 11.95 while a move above that level will allow development toward 17.27. The bullish scenario remains valid while price stays above demand.
Market mood
LUMN looks like the speaker who stayed silent for a long time then suddenly raised a hand. Now the audience listens.
Наш канал: t.me/totoshkatradingteam
⏺ Брокеры которым доверяю:
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AMarkets - profit-market.info/promo/?g=BZA6ZC
⏺ Брокеры которым доверяю:
FxPro - ib-fxpro.com/?ib=SwHtc7m3
AMarkets - profit-market.info/promo/?g=BZA6ZC
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Наш канал: t.me/totoshkatradingteam
⏺ Брокеры которым доверяю:
FxPro - ib-fxpro.com/?ib=SwHtc7m3
AMarkets - profit-market.info/promo/?g=BZA6ZC
⏺ Брокеры которым доверяю:
FxPro - ib-fxpro.com/?ib=SwHtc7m3
AMarkets - profit-market.info/promo/?g=BZA6ZC
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.