If you believe $NOS.LS #NOS can have another go at 3.60, this confluence of support is a good place to start buying again... (still no confirmation, for agressive traders, use tight stops) #technicalanalysis #trading #euronext #PSI20 #stocks
$GALP.LS #GALP had buy signals within #bullflag correction. Corrected to 20d EMA as expected and, once 19.50 resistance was overcome, the sky was the limit. If it passes 20.00, 21.00 is likely!
Positive biased since end March. Good entries since 18/Apr after oversold RSI on lower timeframes, climbing from low of flag channel and breaking multi-month trendline. Took some profits 20/May on the daily #MACDcrossover, but had a great reaction to earnings and got to our 0.96 target on increased volume. Letting it ride some more, next target 1.03.
#stockoftheday for 8/Apr was $JMT.LS #jeronimomartins, ⬆️ 3% after MACD divergences. Ideally would climb to 20D EMA, find support on the 8D EMA and try to close the gap near 50D SMA #trading #euronext #PSI20 #stocks
#PSI20⬆️ 0,75% on #bullflag alert, after #support on the moving averages. Retest of the highs at 6600 possible. Great 1h setup today after overbought on the channel, but maybe tomorrow at open isn't too late #trading #euronext #PSI20 #stocks
The #stockoftheday for 5/Apr was $EDP.LS #EDP, ⬇️ 2,4%. Mid-session 3.55 looked like a great place to short on breakdown of flag. However, look for retest of 21/Mar lows on 1D MACD divergences and break of downtrend #trading #euronext #PSI20 #stocks
Navigator offered us a couple of entry points already on lower timeframes.
The best R/R setup is behind us by now but, if you only follow daily charts, you could go long after it breaks 3.4 on the way to 3.7 (200D SMA), taking partial profits at 3.5 (next resistance).
