Path is getting more clear. We had 5 waves down for our A-Wave. When the A-wave has 5 waves you always get a zigzag pattern. So there will be a nice shorting opportunity.
Peugeot is in an interresting cup and handle pattern (cup T1, handle T2), the price has broken the neckline CR1 beginning october. Immediately after prices begin to growth before to pullback to the neckline with the recent market krach. The pullbback to the neckline is a very common behavior after a cup and handle pattern is confirmed. 3 scenarios on 4 are...
Sanofi after several tries broke its cup & handle formation a successfully retested it. It seems to be also forming a reverse H&S.
Stop: 74.60
Targets: 85.60 / 92.90
CHXEUR:MTA is on its support at 24.1€ which has been tested 3 times by the past. We see the reaction on support with strong volumes. Momentum is rising were we can expect price increase on the next days
TP1: 26.5
TP2:28.25
ABC correction finished. Good moment to short it again. Be aware that this abc could be a bigger A of a bigger ABC. It should go down now. Put sl into break-even. If this correct more re-enter on the next 5 wave up (C-wave).
Stock has been undervalued for far too long. Nice opportunity for a buy, especially considering the divergence on the RSI and the oversold area of both the RSI and MFI. Solid company with solid financials.
On January 18, EURONEXT:FR stock price was around 66€, close to its all-time high. 9 months later, Valeo has been almost divided by 2 with the formation of a very specific type of technical price pattern. The "Dead Cat Bounce"
As defined by Helen Alpino, the dead cat bounce comes a time in a downtrend when bear traders decide to take profit. Bull traders...
