This Week in Charts
Potential opportunities in Slack, AT&T, Holly Frontier, plus two more.
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In this week's edition:
- Slack ($WORK)
- AT&T ($T)
- Holly Frontier ($HFC)
- Intel ($INTC)
- Beyond Meat ($BYND)
Slack ($WORK) | Collaboration Software

- Slack has traded a $24-$36 range since March 2020.
- Currently, price is testing support at $24. If $24 holds, look for a move to $36, then $42 ($42 is the post IPO high).
- If $24 breaks, the stock could fall to $20.
Potential upside:
Current price | $25.70 |
---|---|
Entry price | $24.00 |
Stop | $21.40 |
1st target | $36.00 |
1st target R/R | 4/1 (50%⬆ vs. 11%⬇) |
2nd target | $42.00 |
2nd target R/R | 7/1 (75%⬆ vs. 11%⬇) |
Links:
- Q2 2021 investor presentation
- (Video) Learn about Slack's founding story, business model, and finances
- 2020 10-K
- Key financials, income, balance sheet, and cash flow statement
Recent news:

AT&T ($T) | Telecommunications & Media

- AT&T has mostly traded a $22.50-$44 range since 2002.
- Currently, price is testing support at $27.50. If $27.50 holds, look for a move to $40, then $44.
- If $27.50 breaks, the stock could fall to $22.50.
⚡ Since 2000, AT&T hasn't spent much time trading below $22.50. So the risk, price-wise, is minimal in my view. However, this stock won't triple your money. It has a high floor and low ceiling.
The best case is the stock continues to trade the $22.50-$44 range with the hope it can one day retest its all-time high near $60. And in the meantime, you collect a healthy dividend (current yield is 7.20%). They've paid a dividend every year going back to 1984. View their dividend history here.
Potential upside:
- Current price (as of 11/12/2020): $28.25
- Entry price: $27.50
- Stop: $25.40
- 1st Target: $40 | Reward/Risk = 6/1 (45% upside vs. 8% downside)
- 2nd Target: $44 | Reward Risk = 8/1 (60% upside vs. 8% downside)
Links:
- Q3 2020 investor briefing
- 2019 annual report
- Key financials, income, balance sheet, and cash flow statement
Recent news:


Media analyst Mathew Ball on AT&T's streaming strategy:
1/ Most HBO Max commentary overlooks why a "telephone company" bought a media co in the first place
— Matthew Ball (@ballmatthew) May 31, 2020
AT&T plans to invest $4B in HBO Max, after $108B buying TimeWarner + before accounting for Max-related declines in Turner/DirecTV etc
Goal? +$1B a year in profit in 2024. Weird!
Holly Frontier ($HFC) | Crude Oil Refiner

- Holly Frontier’s stock fell 74% after peaking above $80 in May 2018.
- Currently, price is testing support at $20. If $20 holds, look for a move to $40, then $50.
- If $20 breaks, the stock will probably fall to $10.
Potential upside:
- Current price (as of 11/12/2020): $21.20
- Entry price: $20
- Stop: $16.75
- 1st Target: $40 | Reward/Risk = 6/1 (100% upside vs. 16% downside)
- 2nd Target: $50 | Reward Risk = 9/1 (150% upside vs. 16% downside)
Links:
- September 2020 investor presentation
- Latest 10-Q
- 2019 annual report
- Key financials, income, balance sheet, and cash flow statement
Intel ($INTC) | Semiconductors

- Intel’s stock fell 37% after peaking near $70 in January 2020.
- Currently, price is testing the support zone between $42-$44. If that zone holds, look for a move to $56, then $68.
- If the zone breaks, the stock could fall to $36.
Potential upside:
- Current price (as of 11/12/2020): $46.35
- Entry price: Between $42-$44
- Stop: $41.80
- 1st Target: $56 | Reward/Risk = 5/1 (27% upside vs. 5% downside)
- 2nd Target: $68 | Reward Risk = 11/1 (57% upside vs. 5% downside)
Links:
- 5G and the next wave of telecom infrastructure
- Q3 2020 earnings presentation
- 2019 annual report
- Key financials, income, balance sheet, and cash flow statement
Recent news:

Analyst James Wang on Intel's future:
1/ Apple's upcoming ARM MacBooks isn't just going to save them some money and run a bit faster. It marks the beginning of the end of the x86 era and Intel's four decade empire.
— James Wang (@jwangARK) April 15, 2020
Thread⬇️
Beyond Meat ($BYND) | Alternative Proteins

- Beyond Meat's stock fell 43% after peaking at $197.50 in October 2020.
- Currently, price is testing support at $120. If $120 holds, look for a move to $200, then $240.
- If $120 breaks, the stock could fall to $80.
Potential upside:
- Current price (as of 11/12/2020): $127.90
- Entry price: $120
- Stop: $112
- 1st Target: $200 | Reward/Risk = 10/1 (67% upside vs. 7% downside)
- 2nd Target: $68 | Reward Risk = 15/1 (100% upside vs. 7% downside)
Links:
- Q3 2020 investor presentation
- 2019 annual report
- Key financials, income, balance sheet, and cash flow statement
Recent news:


Nothing in this article is investment advice. It's for informational purposes only. Don't be lazy. Do your own research😉
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