Mercedes is about to park wave (2) in magenta in our green target zone between €67.31 and €77.90. Once this top is placed, the share should continue the overarching downward trend, dropping below the support at €60.72 and (after a short countermovement) further southwards. There is a 30% chance, though, that Mercedes could leave the green zone on the northern side...
Mercedes-Benz has found a parking spot in the big green parking lot between €67.31 and €77.90 and is about to finish wave in green. Though, as the course has just turned slightly downwards, the current movement could also already be complete. As soon as this high is finalized, the share should pay its parking ticket, leave the parking lot and drive southwards,...
Hello friends,
on the weekly scale we see a head and shoulders pattern (which is not confirmed yet) . The right shoulder may take some weeks to develope but if completed you should see a down move, around 39,00€.
A strong bearish weekly close below the "neckline" is an short signal.
🤞
oi mate let us have a great week innit? :
so what have here is...
1. price respected a major level of resistance
2. after doing so it consolidated for a period of time
3. today it broke below the consolidation phase and formed a LOWER HIGH
4. it is currently retesting so perfect time for entries, i'll be expecting pries to sell till the upward trendline
• a 3RD TOUCH on our D1 downward candlestick
• bearish engulfing candlestick formation on H1
• for the more conservative less aggressive traders entry can be found once the inner upward trendline is broken
• targets are set by the D1 upward trendline
Daimler reached our short term price target of 75 EUR on 23rd July 2021. Since then RSI, MACD and Stochastics remained bullish. Currently these indicators point to higher price for Daimler. Because of that we would like to change our medium price target of 77.50 EUR to short term price target.
Previous setup from 23rd July 2021:
Here we correctly predicted move...
Daimler provides interesting setup. RSI and price show divergence. MACD and Stochastic attempt to reverse. Price traveled back towards its 20-day Simple Moving Average. In addition to that ADX contains high value which suggests that prevailing trend is at its peak. We would like to update our short term price target for DAI to 75 EUR and our medium term price...
Aston Martin has been on a steep and vigorous decline since its IPO. Could Aston Martin turn things around from here and start reversing from current prices?
Aston Martin has recently announced involvement in F1 with Racing Point rebranded as Aston Martin. This could help in turning things around. Billionaire Lawrence Stroll has clear intentions to do so and has...
