Axa - 30d expiry - We look to Sell a break of 25.89 (stop at 26.71)
We are trading at overbought extremes.
Short term bias has turned negative.
Short term MACD has turned negative.
The bearish engulfing candle on the daily chart is negative for sentiment.
There is no clear indication that the downward move is coming to an end.
A break of the recent low at...
Axa - Intraday - We look to Sell a break of 26.19 (stop at 27.11)
We are trading at overbought extremes.
Posted a Double Top formation.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Although we remain bullish overall, a...
Axa
Short Term - We look to Sell at 25.34 (stop at 26.01)
Levels close to the 78.6% pullback level of 27.36 found sellers. Further downside is expected and we prefer to set shorts in early trade. The move higher is mixed and volatile, common in corrective sequences. The bias is still for lower levels and we look for any gains to be limited.
Our profit...
Market just finished 1-5 Elliot wave, broke a downtrend and started ABC correction ,we are expecting price to bounce at 57 zone which is 0.618 fib zone (Reversal zone) and also we can see an institutional candle in 4h timeframe.
Target: 104
Entry: 57
Invalidation: 48
R/R Ratio: 5.22
Axa - Short Term - We look to Buy at 26.38 (stop at 25.61)
Preferred trade is to buy on dips. The medium term bias remains bullish. Prices expected to stall near trend line support. Previous support located at 26.20.
Our profit targets will be 28.63 and 29.45
Resistance: 28.00 / 29.00 / 30.00
Support: 26.20 / 25.00 / 24.00
Disclaimer – Saxo Bank...
Logic: close & re-test of 50D EMA puts AXA in intermediate uptrend following significant drop and 2 months sideways consolidation.
Entry: €17.00- €17.20
Stop: €15.50 (can consider lower if longer term outlook)
Risk: -9.88%
Target: €20.50 & ultimately €23.00 yearly pivot retest from February drop.
Gain: +19.48% & longer term target +33.72%
Note: among highest...
NYSE:EQH
This is one of our open positions where we have not yet moved the stop loss because the last high of the bullish trend has not brokenout.
Our operation from the point of view of stock market analysis is mainly to search for resistance levels, for example ascending triangles, rectangles, cup & handle, etc..
What we do is the result of years and years of...
