RNLSY trade ideas
RNO Renault ready for 40% gains (29 EUR)On 7/30/2020 both JPMorgan Chase & Co. and Goldman Sachs Group Set Price Target for RNO stocks to €29.00.
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New range detected?After former channel we moved into a new possible range. Renault is taking its time to move up and seems very healthy doing so. After an outbreak to the upside with backtest on top of the channel, we can move up to the 0.236 (orange line) and negotiate with the 200MA. In the meanwhile we could be ranging with a good buy opportunity on the bottom of the channel. Now we're currently ranging in the bottom half of the channel.
!!!DISCLAIMER!!! I'm new to analysis since November 2019 and this idea is only for the purpose of sharing ideas NOT investment advice, therefore any feedback from aspiring traders and experts are more than welcome.
Always remember to not go into a trade to soon and take profit along the way. Stay safe, stay profitable ^^
[$RNO] Les vendeurs doivent vendre ! Sellers need to sell ! FR/EN
Beaucoup de vendeurs lors du krash COV-19 ! Cependant ils restent encore des vendeurs dans le marché et les actionnaires qui ne croient pas aux orientations de l'entreprise doivent partir et laisser les croyants à la renaissance du fleuron francais, bien que pluriculture désormais avec Nissan depuis 1999 et Mitsubishi depuis 2017.
D'un point de vue technique, il faut laisser le temps de construire un vrai bottom , le plus bas historique à 12€, avant de reprendre la marche vers la hausse.
Pour une vision long terme, il est très intéressant de se positionner, pour autant , cela ne cherche à rien d'avoir le plus bas si nous avons un objectif à 5 ans ( moins risqué, moins prise de tête)
Le secteur automobile est fortement touché par la crise pour autant la demande est toujours là. Restons prudent
Stay Safe
PEACE !
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EN
Lots of vendors during this pandemic crisis momentum ! However they are still salesmen in the market and the shareholders who do not believe in the company orientations must leave and let the believers to the rebirth of the French flagship, although pluriculture now with Nissan since 1999 and Mitsubishi since 2017.
From a technical point of view, it is necessary to give time to build a real bottom, the historic low of 12€, before resuming the upward march.
For a long term vision, it's very interesting to position ourselves, but it's not about having the lowest if we have a 5 year goal (less risky, less headache).
The automotive sector is strongly affected by the crisis, but demand is still there. Let's remain cautious
Stay Safe
PEACE!
RNO is very likely to go up .EURONEXT:RNO is very likely to go up .I think this is a good time to buy it . I expect it to go up to around the 36 area as a first target (100% growth) .I strongly recommend it also for a long term investment because price has the potential to go up to around the 60 area .
RENAULT (RNO) Cheaper Than Ever
hey guys,
I know that many of you are looking for cheap stocks.
pay attention to Renault.
though I already hear the voices of skeptics out there,
look what history tells us:
stock is clearly trading in aprox. 13-year cycles.
the stock was trading on current lows two times already and each time it showed a perfect performance
with a sharp and quick drop at the end of the cycle.
chances are high that this time we may see the same picture.
moreover, our reward is very high in comparison with the risk that we take.
so why not at least to pay attention?!
good luck!
please, if you like this idea, please support it with like and comment!
thank you!
Long term Investor Opportunity Renault is going down toward the 2008 crisis level at 10.738 unless we close on a monthly basis above 25.51 the price will test 10.738 and the trend is still bearish
We should wait for a monthly close above or below 10.738 to see what will happen for Renault
For the long term investors the Dividend yield is 6.5% but you should wait for 10.73 or below to buy it for the long term
RENAULT 1D DESCENDING TRIANGLE BREAKOUTPrice has already broken out of triangle bottom
Trade money management is:
Enter 2 trades at daily close below triangle bottom = 50.86 Entry
SL is 1.5 x ATR (1.49) = 2.24 from close of breakout candle (50.86 + 2.24 = 53.10 SL for both trades)
TP is 1 x ATR = 1.49 from close of breakout candle (50.86 - 1.49 = 49.37 1st TP)
When 1st trade TP is hit move 2nd trade SL to breakeven at 50.86
2nd trade has no TP so your profits can run
As price breaks current support follow SL behind price at previous fractal high
As price continues to break these current support levels continue to move SL
Watch our TSG You Tube video creator Tim Black money management training video
www.youtube.com
Renault Buy IdeaD1 - Two bigger cycle (Yellow)
Two smaller cycles (Blue) inside each leg of the bigger cycle.
H4 - Price is trading inside a channel. We have divergence.
We will be looking for a breakout above the channel to start looking for buys.
Ideally and most conservatively, we want to see a break above 76.90 zone.
If the stock breaks below, 67 zone will be the next level to follow.
