The technical figure Triangle can be found in the Belgium company KBC Group (KBC.br) at daily chart. KBC Group is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czechia, Hungary, and Slovakia. The acronym KBC refers to KredietBank and CERA. KBC Group is one of Belgium's major...
*full disclosure* I have a 28,000 CHF long position in RET*
Retail Estates is an underappreciated European retail REIT that is primed for a substantial technical breakout this December. Please take the time to look over the technical analysis, which is purposefully decluttered to provide a utilitarian analysis of the overall forecasted direction of the share...
Bel20 continues on its way down to new lows. In the shorter term view, it is ending minor wave 2 soon. After this, the next move should be minor 3, where the most probable target is is below 3,000. If prices crosses up 3,570, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
BEL20 is reaching the most probable target for wave 2 counter trend rally at 0.618 of retracement of wave 1. The wave count for wave C that will complete primary wave 2 is almost complete. The possible target is at 3,518 before the trend turns down in direction to new lows , but it does not need to arrive at this level to do so. For more confirmation, a move below...
BEFB seems to have completed minor wave B and it is now tracing minor wave C up that will conclude wave (4). It is currently in the third wave of this move up. The most probable target before the trend turns down again is the range between 44.50 and 46.50. If price crosses down 38.30, this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
BEL20 completed an ABC pattern the culminated with the end of intermediate wave 4 down. We saw two minute waves already built and minute 3 is under way down. If this scenario persists the index should continue the fall to below 2300 points. FOLLOW SKYLINEPRO TO RECEIVE UPDATES.
EURONEXT:BEL20 Bel20 is currently tracing primary wave 3 down from a cycle wave c. It should gain momentum in this direction, although corrective upward moves will occur along the way.
EVS wil test the 23.80 level and can possibly break it on first try or there will be a retest and then it will break the 23.80 level.
Stop loss should be 22.00
This is a quality company but got sold off because of the cyclical nature of the business and the problems with the trade war.
50-40 range wouldn't be bad to pick this stock up.
The Belgian stock market is on an aggressive sell of since late April (1D RSI = 31.496, MACD = -58.680, Highs/Lows = -51.2357) after it failed to break the 3,870 - 3,910 1W Resistance Zone. The symmetry on a peculiar 1M Head and Shoulders pattern is uncanny so we will be using the 3,200 - 3,330 supply zone (red rectangle) as a continuous buy entry until the 1W...
