XETR:SBX Analytics
15.06.2023
Consideration under WEEK
Indications
- 80% decline since its launch
- Solid levels around @EUR20, @EUR14, @EUR4 (±10%)
- Stable for around 30 days @EUR3,90 => BUY
- Weekly RSI at ATL of ~21.5 => super cheap rn => BUY
- Moving Average 9/20: 20 >> 9, crossover not predictable and could take at lease 6-8 weeks => RISK
- Moving...
Short Term Elliott Wave View in DAX suggests the rally from 3.20.2023 low is in progress as a 5 waves impulse. Up from 3.20.2023 low, wave 1 ended at 15298.49 and pullback in wave 2 ended at 14809.82. Index then extends higher in wave 3 towards 16331.94. Pullback in wave 4 is unfolding as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at...
DAX formed two powerful patterns.
The bigger one was a Falling Wedge & the smaller one was a Reverse Cup & Handle (Which I believed I made up, in case you go Google and not find it :P)
The price broke up and headed straight to the top of the wedge which is a decent target for the pattern.
7 >21 >200
Target hit at 16,333
Now this trade was a tough one...
According to my models, Zalando is undervalued, oversold and technically close to the points where we can expect a reversal.
I open a long position at this point.
Not investment advice.
The recent rally on AI stocks was impressive. DAX managed to join the party - but looks like is thinking of leaving early. Well, after doing an excellent job for several weeks some rest seems to be reasonable. The coming week may give it a good reason if "they rise". Will see. Good luck trading there.
No recommendation whatsoever.
As the second half of 2023 approaches, the DAX has recovered and then some from March’s banking crisis, driven primarily by manufacturing and specifically cars. Participants seem to have priced in the lower likelihood of a pivot next quarter. However, the price of the DAX seems to be settling into a sideways trend after the fakeout from 17 May.
Moving averages...
After the Shooting star in the first and the following sharp decline in the second March week one might have expected a deeper correction of the rise since September. However the bulls were able to regain most of the terrain lost almost immediately. The market may have to pause after both bulls and bears are exhausted now. But it seems that there is no will to...
Textbook move in the dax as we have resumed higher as expected, in the linked forecast from last week.
Looking for further upside if the count proves to be correct, otherwise we can look for a double correction lower into wave {c} or {y}.
This tire producer looks juicy. Seems like it is building an inverted head and shoulder pattern. This is generally a end of trend pattern. And looks like we build a wide double bottom with the lows in Mach 2020 and September 2022.
It' worth a buy in my humble opinion.
I see a potential target at €115.
A very rare bearish signal on Germany's top market index? The hammer which a retraction-barrier zone around gaps is shaping together with a high-volume pile suggests exactly that. DAX closes this week just under the forementioned R.B.Z. and doesn't muster the strength to close over monday's opening. Overbearing timeframes show that Germany's Most Wanted tried to...
Volkswagen plans to focus solely on profitability amid cutthroat competition from the Chinese automakers. Volkswagen said it would not participate in the discount battle like its Chinese competitors. Instead of expanding its market share and sales volume, the German carmaker plans to leverage its strong market position to build a sustainable business.
The...
We are looking at potential upside on the DAX as we seem to have finished a three wave move into wave 2, with a nice and clear five ave sequence into wave {c}.
It is also possible that we continue lower in a double correction.
Feel free to ask questions and trade SAFE!
Short term Elliott Wave View in DAX shows that the Index ended wave (3) at 16333.28. It is now pulling back in wave (4). Internal subdivision of the pullback is unfolding as a zigzag Elliott Wave structure. Down from wave (3), wave ((i)) ended at 16179.14 and rally in wave ((ii)) ended at 16224.32. Index then resumes lower in wave ((iii)) towards 15802.86 and...
Mercedes is about to park wave (2) in magenta in our green target zone between €67.31 and €77.90. Once this top is placed, the share should continue the overarching downward trend, dropping below the support at €60.72 and (after a short countermovement) further southwards. There is a 30% chance, though, that Mercedes could leave the green zone on the northern side...
I don't have much to say about what we see here. In my perspective, there appears to be a bearish flag forming, indicating a potential downward trend. Additionally, considering the previous spark in RSI and the confirmation by MACD, I believe we now have a second signal suggesting further price decline.
Allianz has started 2023 very positively. First quarter results are solid, shares buyback has been announced, together with a good 5% ish dividend and further investments. I am looking at entering a long position for the long-term. In case of short-term downfall (1 or 2 years from now), there will be possibility of cost-averaging the position.
If you want to...
Does the pound US currency exchange into the new range?
This chart shows the line chart chart of German stock indexes in the last three years. The graph overlays the line connecting the previous high point and the secondary high point, as well as the horizontal line of the short start position of the previous high point and the horizontal line of the recent...
