T. Rowe Finds Support on the Yearly Base Line

Just an observation: T. Rowe (TROW) appears to have found support on the yearly base line (red line) of the Ichimoku Cloud. Which has proven to be a bottom in past years (2020). I believe that price will try to recover to at least the conversion line (blue line) $140s by the close of the year (if not much sooner). This will also bring the price back above the 5-year moving average. Caution though: the yearly oscillators are indeterminate and it is very possible that the price could drop back down and try to test the 10-year moving average ($100) before the close of the year. Does anyone have strong thoughts about TROW?



Not financial advice.