the daily chart of this market shows that it will experience an uptrend in the next few days but at the same time
it is necessary to be vigilant of the placement of the stop loss and the level of profile to be gained. consequently the reversal of the market towards the opposite direction
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Gaps tend to be closed before major moves. Expect it to reach 12eu again before closing upside gaps.
If it doesn't close it now there will be a major move on the downside this year to still close it. Just like the Jan '19 gap that got closed in Aug that same year.
First fib to cross is the 0.3 at 18,5eu. After that 22eu. Shell is lacking momentum compared to the AEX.
As any cyclical stock, RNO will experience a bumpy ride. In any case, fundamentals and the latest adjustments on the corporate strategy make me positive on this one for the long-term. Furthermore, I see good potential on the technical side - next target ~41?
Le marché fait une petite tendance baissière depuis quelques jours, peut être juste un retour dans sa phase de range en allant toucher les 29.400 ou il va enfin casser sa résistance oblique qui l'accompagne depuis un bon bout et atteindre les 38.200. Restons attentif en tous cas.
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On 7/30/2020 both JPMorgan Chase & Co. and Goldman Sachs Group Set Price Target for RNO stocks to €29.00.
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The price has been ranging widely, coming back to its pre-pandemic trend.
The price is coming very closely to two different important "pullback up" line.
Probability of nice entry for a long direction trade.
In the flip side, if it breaks down those two lines further, there is a risk to see the price approaching the horizontal black line.
For the moment, the...
The idea is to stand aside.
Prices are moving inside a channel. Wait to see if the support line will be broken or not.
If the level 62 EUR WILL BE BROKEN, the idea is to go short, otherwise (if the level of 165 will work as support) the idea is to go long.
Fundamental Analysis - just found a new equilibrium in the production
The monthly rates - 40 A320/A321, 6...
ABI has broken and closed above 44.0 level.
taking into consideration a very oversold market and higher low formation,
it looks like bulls are ready to push higher.
next goal is 56.0 level based on structure!