RE: Sothebys (BID): More Bullish Scenario

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Sothebys (BID): More Bullish Scenario

in money •  7 years ago 

I'd caution on this stock b/c it is lowly traded, although with earnings call coming up in August of 2018, you'll see notable movement. I personally don't see it going up above $65 in the near future (12-24 months).

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It could continue channeling, yes. However, the nested 1,2 setup at three degrees of trend is pretty impressive from a technical perspective.

All should do their own due diligence and use my analysis only to augment it.