The algorithm is showing a very profitable pattern in SANOFI. First, if the price breaks up we have a clear rally until the top of the channel with a tight stop loss slightly below the break point. On the other hand, if the market is moving down, we should see a break to the downside of the channel, then an easy break of the support and the blue line would be...
The algorithm shows an opportunity to buy credit agricole if the double bottom pattern breaks. The double bottom pattern is a bullish reversal pattern that appears on a chart as two distinct bottoms at roughly the same price level, separated by a peak in between. The pattern is formed when the price of an asset falls to a support level, bounces back up, falls...
Pharming has received acceptance from both the EMA and FDA for the accelerated review of leniolisib. The new drug is anticipated to generate significantly more revenue compared to its current profitable drug Ruconest. While the company has been profitable for the past years, it needed to find new sources of income to be able to grow the value of the company. The...
Prosus has activated a double bottom pattern that may lead the price to 103.30€ that is +44% from current price.
TA AEX index, Quants, monthly's, weekly's, Fib level/-time, EW count, scenario's bullish/bearish.
TA AEX index, Quants, monthly's, weekly's, Fib level/-time, EW count, scenario's bullish/bearish.
The technical figure Channel Up can be found in the daily chart of the French company Legrand (LR.pa). Legrand is a French industrial group. It is one of the world leaders in electrical and digital building infrastructures and connected solutions. Legrand is established in 90 countries and its products are distributed in nearly 180. It generates 85% of its sales...
LVMH stock rallied and gained momentum after forming the Rounding Bottom pattern, now it is been trading in a downtrend channel, and, seems like it is forming it precisely because the price has been rejected by the upper side, so, if it confirmed to be valid, it will continue its way in the channel until the channel tests the last support, and when so, we'll see a...
Entering a put spread 685 - 675 for 20Jan23 based on: - lateral channel resistance tested twice and held a couple of weeks ago at 735 - RSI divergence from mid-Nov to mid-Dec - descending triangle in the past 2 weeks
Short position in Lotus Bakeries $LOTB opened @ 6320 overvalued, P/E=55
The technical figure Ascending Triangle can be found in the daily chart in the Dutch company Aegon N.V. (AGN.as ). Aegon N.V. is a Dutch multinational life insurance, pensions and asset management company headquartered in The Hague, Netherlands. As of July 21, 2020, the company had 26,000 employees. Aegon is listed on the Euronext Amsterdam and is a constituent of...
Possible break through. Week looks like a wedge. Day view not so much. Almost a flag. Overall trend looks nice with 50SMA passing 200 SMA. MACD is ripe for swinging up. Lots of support on 50SMA, tested twice in past week. RSI is okay. could be better but HHs with HLs makes it look good.
As it stands SHELL stock is making a correction in lower TF for a possible move up to reach the level 47usd after completing a regular flat.
As it stands . The structure tells us that AIR LIQUID may reach the level 160 USD to make a running flat , then it can either continue to go up a little more ,ahead to make a bigger correction (similar to the X wave) , or even a bigger one before to continue the ascent !
Sanofi - 30d expiry - We look to Buy a break of 88.01 (stop at 84.48) Previous resistance level of 88 broken. Our short term bias remains positive. Previous resistance, now becomes support at 88. 50 1day EMA is at 86.97. Support is located at 88 and should stem dips to this area. Daily signals are mildly bullish. Our profit targets will be 96.72 and 97.72...
The TTE action is evolgin in the middle of an ascendant traiding. At this point a consolidation or a small pump are possible. But in case of an augmentation, the price should decrease after hitting is long term resistance
On the Philips chart (PHIA - 4h timeframe), We can see the price is currently oversold. The price is approaching a support area and is probably going to bounce off. Enter and leave the trade at the level defined on the chart. The three indicators used are Bollinger Bands, RSI, and Stochastics. All these three indicators are confirming the oversold...
Ageas - 30d expiry - We look to Sell a break of 40.19 (stop at 41.42) The primary trend remains bearish. We are trading at overbought extremes. A break of the recent low at 40.28 should result in a further move lower. Bearish divergence is expected to cap gains. A higher correction is expected. Our profit targets will be 37.11 and 36.51 Resistance: 42.65...