Renault going down

dolphinfromegypt Updated   
hi, for those who fell "car manufacturing world", I would recommend for your observation Renault. I suppose that it is going to touch down the support line - around 27 eur - 26.5 eur.

Please look on the DAX and CAC - they are right now on the top of the hills. There is a possibility that the index will move down stocks.

We are in the middle of recession, PMI is going down and down, manufacturing is very weak, so even if you buy Renault in price 26.5 eur, in two years, it is great probability that with the development of markets the stock will move high. First on 50 and then 70 eur.

Look on technical point of view - right now is creating third wave of Elliot.

Best regards
Hi, I am in "Renault". Price reached support level -34 EUR and did not want to fall down.
Please look on RSI and MACD - they made a "cross" and are moving up.
I wish all good luck.

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