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Cencora, Inc.

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Strong Bounce from Support watching for breakout toward $300 COR have respected key support around $282.50 - $285 zone with strong buying pressure pushing price back above the weekly trendline. Volume spike confirm renewed interest from buyers. Im watching for a potential breakout above $296 - 300.50 which could open the door for retest of the $308-$310 resistance zone. Bullish scenario - hold above $288 and break $296 with volume next stop $300 - $304 possibly $308 Bearish scenario - failure to hold $288 retest 282.50 and possibly $275 support Bias - leaning bullish if volume sustains and price holds above weekly trendline.
NYSE:COR
by investwithzymeerah
2
$COR: A CORE Position For A Deflationary Environment?Real Estate has seen some specific winners starting to emerge, however, as the Fed soon begins the tightening process, is it possible we still see more in the tank for IYR (REIT ETF) as the Dollar continues it's rally? Keep in mind, a rate hike currently isn't priced in until July of 2022 and the inflationary pressures have been strong but with some patience on the REIT investor's part. I do believe the company could be primed to make an early run before a defensive cycle emerges. I'll scale in and manage risk based on price / sentiment toward the defensive names as a whole.
NYSE:CORLong
by Fox_Technicals