3 Wall Street stocks that are undervalued and appear ready to take off-proiezionidiborsa.it
Between June 2022 and March 2023, based on the historical series, the conditions were probably to be created to form the bottom of the decade 2021/2023. As things stand, it seems that the swings that formed close to October 17th (where one of our setups expired) probably formed a significant minimum. That’s when our long-term oscillator (Bottom Hunter) validated that signal. Today we’re going to look at 3 Wall Street stocks that are undervalued and appear poised for short- and long-term takeoff.
In the short term. the rise does not seem to have reached an end, and the conditions are there for further climbs of 2/3% in the next 7/10 days.
What are the long-term supports for the moment (not to be broken downwards to validate our bullish thesis) of the Wall Street stock indexes that will remain valid for the entire month of February?
Dow Jones
32,573
Nasdaq C.
10,265
S&P 500
3,764.
3 Wall Street stocks that are undervalued and look ready to take off
We refer to Amazon, Tesla and Verizon Communications.
Amazon, last priced at $103.14. Analysts recommend stocks with a fair value target of 136.86 with a current undervaluation of approximately 32.4%. The first short-term support is placed at 91.52. Maintaining this level (it leaned on the 200×2 week average) could push prices further up. Objective towards 131.19, where the weekly 200 passes.
Tesla, last priced at $193.77. Analysts recommend stocks with a fair value target of 190.42 with a current undervaluation of approximately 0.23%. The first short-term support is placed at 162.78. Maintaining this level (it leaned against the 200-week average) could push prices further up. Goal towards $250 in the short term.
Verizon Communications, last priced at $41.51. Analysts recommend stocks with a fair value target of 45.83 with a current undervaluation of approximately 10.4%. The first short-term support is placed at 40.70. Maintaining this level (supported by the 200×3 week average) could push prices further up. The aim is towards 50.74, where the weekly 200 passes.
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