Entry: 16,06 EUR
Target: 18.00 EUR (+12%), 25.00 EUR also possible
Stop: 15.72 EUR
1.) Fibonacci Retracement may be used in combination with other conditions in a trading plan to qualify possible entries. In this particular example, price retraced back down to the 50% level. This alone would not be enough to enter a trade. When the retracement level, however,...
TM stock has been tumbling since the beginning of the year due to facing some stiff competition with local internet service provider. It has at least bottomed at RM 3.010 level at the end of June. It however has been rallying since then, touching RM 4.005 level two times, the level which was considered as the previous swing high. Now it has potential to form an...
In May it is a year since they tasted the honeys of the gods, unfortunately it was a pleasure that lasted only one day because they have remained in a declining trend that brought them here.
However everything makes it seem like this is about to end, the next area of strong support is reinforced as a confirmed monthly support.
It is important to take into account...
The chart tells the story quite accurate. We are within a textbook longterm uptrend.
The market has been consolidating for about a year, creating a big range, that is in my opinion currently coming to an end and providing us with a beautiful buy opportunity.
In recent weeks the market formed the right shoulder of this inverted S-H-S pattern and it led to an...
