Long-Term Levels on Long-Term Stocks
Let's look at some charts.
I wanted to take a minute to deliver on my promise of providing some longer term setups that I’m watching. If you do not trade individual names, that’s just fine. This is more of a blend between fundamentals and technicals.
I won’t get into all of the fundamental stuff here, but I like applying the technicals to stocks that have a solid long-term track record and good businesses.
Here’s a few that I’m watching, especially if volatility picks up considerably in the few days/weeks.
The caveat is: These are not trades, but position sizing is still key for these longer term holds. I want to own these names for quarters or years depending how they perform post-purchase.