Despite experiencing significant selling pressure throughout September, possibly influenced by the recent dividend payout, this stock is displaying increasing bottoming-out signs, suggesting a reversal is due. It's currently trading within a Fibonacci layer, and I expect it to remain in this range, gradually moving upward to seek liquidity. The company boasts a robust, globally recognized business model and an impressive $91 billion market cap, with strong institutional backing from firms like JP Morgan, BlackRock, and Morgan Stanley. Considering these factors, I project a target range of $215 to $220 by year-end, anticipating a traditional "Santa Rally"
Not financial advice, always do your due diligence
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- RoninAITrader
Not financial advice, always do your due diligence
Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback!
- RoninAITrader
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