Longer term play based on semiconductor demand in Europe. The Company emerged from a difficult period, it has secured financing and 2023 is expected to be a breakout year in terms of revenues. Long with 85% profit taking potential, assuming 30% loss risk.
The chart provides a meaningful and detailed analysis and prescription. :-) For more information about Meyer Burger, check out reddit.com/r/meyerburger
For more information about Meyer Burger, check out reddit.com/r/meyerburger
ADDITION TO MAIN PUBLICATION, LINKED ON THE BOTTOM. As said before, the trend remains bullish. We found a good support on the Weekly combined with the middle of the Uptrend Channel since march 2020. Trend remains bullish as of now. Retest of the Monthly at 0.458 would now make sense.
MBTN recently rejected a few levels. Yearly horizontal, 0.236 Fib and the "local" monthly combined were acting as a huge resistance. Combined with the massive run since March 2020 Crash, a retrace made sense and is healthy. A retrace to 0.25 Chf would make sense, that's where I initially entered the trade and also bought Call Options. Although it would make sense...
Bearish news on less sales, will the forming ascending triangle hold?
This week, Meyer Burger exceeded all bullish expectations and crushed resistance after resistance. Starting monday morning at shy 0.2470, Meyer Burger did not just cut itself through the 0.27 resistance as it would be butter, it also even overshot the blue channel forming since the corona crisis. Meyer Burger's price did not stall until over 0.33 which was a...
Please share with me your thoughts, Kind regards
Check the chart for some additional details about the capital increase. You can find all the details about the capital increase and the new strategy by googling "Project Indium – Entwicklung zum Produzenten von Solarzellen und Modulen"
MBT has been stuck in a downtrend since 2006, a continuation of this downtrend is most likely. However rising MACD shows promise, it may be rejected as seen before (highlighted in blue box) Gaussian channel shows a possible rejection at the middle. Blue line shows a rounded bottom which is another bullish sign, however it looks particularly bearish in these...
I would like to say - it is the perfect market for buying. The market has been falling for 1 year. It reached the bottom. We got a confirmed trend reversal signal. The market started a new uptrend. Now the price is at the uptrend line and it gives us a very interesting buy opportunity. Stop orders must be placed below the uptrend line. Profit targets should...
I expect: some sort of trading range with the following upward breakout. "Good news" probably will appear in autumn.