AEX is approaching our first resistance at 534.16 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance and we...
Engie is currently drawing a double top (T1 - T2) confirmed by the break of the neckline. The stock is currently doing a pullback on the neckline (classical behavior of double top pattern) before to go down again.
Objective 1: 10,5€
Objective 2: 10€
Dear fellow contrarian, (8/11/2018)
the following is my own interpretation of the situation as is and should not be considered investing advice.
Indicators used are:
-MACD
- RSI
- A combination of bollinger bands and Fibonacci (script can be found when googled like that)
BOTHE, is oversold on every timeframe starting from the 4h (Daily also shows signs such as...
LVMH has been good to me in in 2018. So far I've had two correct calls and I hoping that this would continue the positive trend.
The sector has been hot however valuations are quite elevated. Also, these are pure bull market stocks which has a wealth effect on both the upside and downside.
On Oct 9 we saw a breakdown on high volume while the recent uptick has...
AEX is approaching our first resistance at 534.15 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (21,5,3) is also approaching resistance and we...
Vinci is in a very clean double top (T - T1T2), the price has strongly broken the neckline (N) and is evolving in a descending channel delimited by R and S lines. The pullback over the neckline is observed. The probability of a bearish phase is very high. Objective is 72€
I have been keeping an eye on DBT for a while because i believe that the market it is in will have to grow significantly in the coming years (charging stations). The chart starts looking quite interesting again after a considerable drop in the last few months. At the end of November 2017 the price was still at 4.25 and then quickly dropped to 1.50. At this moment...
It is the perfect time to short alstom.
1) Double top T2.1 T2.2 confirmed (break of s1)
2) Double top T2.1 T2.2 will allow to break S2
3) Break of S2 will confirm reverted cup and handle T1 T2
4) Objective is 33€
5) Probability of success of the pattern : 82%
