OTIS
📉 Otis reported quarterly results before market open, showing a decline in both sales and profits.
🇨🇳 The weaker performance was attributed primarily to softer demand from the Chinese market.
📉 The stock fell nearly 3% on the news, potentially approaching a technical support level (MA 325) eyed by the speaker for a possible entry.
@bernardodegarcia:
“Let me check Otis here because I think we have quarterly results, and we have them before the markets open, so well, the quarterly results are probably already out. Here they are: sales fall, uh, sales and profits fall plus weaker demand from China. Pim, pam, pum, pam, pim pam pum pam, pim pam, pum, pam. Okay, the shares are falling almost 3%, nothing to write home about, but if it gets close to the 325 again, I would like to initiate a small position, if possible. Ah, 325 is at 95.64 and the shares are at 96.13. Well, maybe it’s already worth it.”
Watch the exact part of the video where @bernardodegarcia talks about Otis here:
Watch the video on YouTube
Read more articles analyzing Otis (OTIS) at the provided link. OTIS stock.
