The technical figure Flag can be found in French company Vinci S.A.(DG.pa) at daily chart. Vinci, corporately styled VINCI, is a French concessions and construction company. Vinci is listed on Euronext's Paris stock exchange and is a member of the Euro Stoxx 50 index. The Flag has broken through the resistance line on 29/07/2021, if the price holds above this...
The technical figure Channel Down can be found in French company Societe Generale (GLE.pa) at daily chart. Société Générale S.A., often nicknamed "SocGen", is a French multinational investment bank and financial services company headquartered in Paris, France. The company is a universal bank and has divisions supporting French Networks, Global Transaction Banking,...
The technical figure Pennant can be found in French company LVMH Moet Hennessy Louis Vuitton (MC.pa) at daily chart. LVMH is a French Holding multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris, France. The Pennant has broken through the resistance line on 24/07/2021, if the price holds above this level you can have a...
The market has had a correction in the past few weeks. Just Eat Takeaway has seen the stock declining a lot in the last three weeks. Credit Suisse has given the company a price target of €128,- and called the decline a overreaction on 25th of May 2021. Just Eat Takeaway has been delivering food for restaurants, now they want to expand into delivering groceries....
Recently a intermediate S/R level was flipped (dashed line). Next is a bigger one around 30.7$. after flipping that level next target is 40.7, and when that one is gained Im looking much further up. This is long term ofcourse since this is a weekly chart. One for my watchlist!
Below SMA200 so risky to play a rise, but above SMA50 which is so far a good support.
We are at a critical point, either we see a pullback soon, and it can go up back to 2.2 meaning 50% profit
OR the SMA50 breaks, giving a sell signal.
The buy signal is if the stock closed above the SMA20 end of this week.
The wave I of the supercycle starting in 2009 is achieved and a correction is in place
wave II seems to come to its end slowly
the stock is very bearish so measure your risk !
Buying zone = roughly 30 to 38
limit order at about 33€ may be a good choice (23,6% fibo level) but this could go much lower.