Delphi: An undervalued stock but buy on the break-out.

6 ก.พ. 2020

We have been following this stock since its dramatic fall in 2018, closely monitoring where the bottom could be. Following last month's results, the price skyrocketed above $15.00 from the all time low of $9.50. This is not yet a reason to get excited as the jump found Resistance on the 1D MA200 (RSI = 70.494, MACD = 0.890, ADX = 31.232).

The MA200 (orange line) on the 1D chart has been rejecting every upside break out attempt since the 2018 fall started. Even though the second half of 2019 appears to be a bottoming sequence, in order to be sure that investors' interest is real, we will wait for a break above 21.00 before investing on DLPH. Above the 27.00 barrier the upside potential becomes tremendous.



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