I have had the red and the blue line on my chart for over a year now. Ever since the first move down in 2022, I was expecting another similar move down to the base of the rally. Why? Because this is what all stocks do after a hype phase. Tesla is not going anywhere, but after an impulsive move up, it will probably do a long correction back down. The play: Long...
ABC retracement complete. Entered the trade at 622€. I expect new highs (over 40% upside potential)
RHM is ready for the next move up. I entered on this weeks low and I am happy to see it breaking out of the structure. Any 50 or 61.8 retracement is a good place to enter.
Risky because there is no low to take as reference, but still think that around 6€ is a good buy if you are willing to take a little risk. Worldline is a big company in France with 18.000 employees, I can imagine it won't be left to fail.
Looking at other similar patterns, like BYD, Nio is a buy only when it reaches the base of the rally, at 2.4$ approximately
The company still has expertise and patents in the robot and automation world. Their debt is manageble and robotics still has potential in other areas like warehouse. Also a 33% short interest means that any move up would encourage shorters to close their positions. I think 28$ is a good target.
Divergence on all timeframes, looks like an ABC retracement, reached 61.8 fib of the whole move up. Good place to buy, in my oppinion
Retracement looks done, considering the strong move up. Wave 1 and 2 also seem done, so I would expect a move up. Judging by common fib extensions, final destination can be in the 270 range.
Long and complex retracement looks complete. I would aim for 80-90$ price target
Looks like a wave 4, which could be complete. RSI divergence on all timeframes. Fundamentals still solid
Luxury brand Kering is at a very good level after ABC correction. Looking at the chart, I consider this a buy for new all time highs. ABC correction RSI Divergence Wave 4 pattern
Strong bounce after breaking previous low. I expected it to go even lower, but I think a jump up is in the cards now
5 Waves down, 3 waves up. Depending on the pattern, could go to 67$ or 43$
I believe the ECB decision will have a positive impact on the currency and changed by bias to long. Possible AB-CD patter to reach the trop of long-term trendline would mean reaching 1.19. TP1: 1.17 TP2: 1.19
Although markets are crazy right now, this trade could work out. Publishing it in order to check back later
The current move down is almost complete (possible low around 105.40). I expect a small retrace to 23.6 or 38.2 and a continuation move down to the 101 level.