Trend started in 2012 held during the week. If the price accumulates at the current level and we breakout to the upside, I will watch the marked zones of interest and see how the price reacts.
If we breakout to the down side, I will look for interesting price levels and keep an eye on the trend established in 2003.
I’m looking either at 275chf or to buy on ex-dividend date where we should see it go lower to 272chf at least before bouncing.
275chf shows support
ScottGoldie
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so could 250 be breached in coming month ahead with ex DIVIDEND date approaching 16th March?
This could be a bottom? Then a continued rise.
We do need some news from Roche to help the strength. As Novartis sold there stake in Roche that leaves a lot of free shares in float. Could this be reason for this continual drop too since last yr?
Jaipi
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@ScottGoldie It could happen. Roche had an impressive rally during the covid period, like other pharmacy companies. And, also like others, has a lot of ideas and products in their pipeline. What we need to see is, if Roche has the strength to hold the gains made and make shareholders keep their shares.
250 is my max pain to close my leverage positions on Roche. I do plan to hold my actual shares for a longer period of time.
Sorry for answering this late, as I was on the go the last weeks and barely had access to the internet.
275chf shows support